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The Focus of Academic Economics: Before and After the Crisis

Ernest Aigner, Matthias Aistleitner, Florentin Glotzl and Jakob Kapeller ()
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Ernest Aigner: Vienna University of Economics and Business
Florentin Glotzl: Vienna University of Economics and Business

No 75, Working Papers Series from Institute for New Economic Thinking

Abstract: Has the global financial crisis of 2007ff had a visible impact on the economics profession? To answer this question we employ a bibliometric approach and compare the content and orientation of economic literature before and after the crisis with reference to two different samples: A large-scale sample consisting of more than 440,000 articles published between 1956 and 2016 and a smaller sample of 400 top-cited papers before and after the crisis. Our results suggest that unlike the Great Depression of the 1930s the current financial crisis did not lead to any major theoretical or methodological changes in contemporary economics, although the topic of financial instability received increased attention after the crisis.

Keywords: crisis; economics profession; economic journals; keyword analysis; paradigmatic development (search for similar items in EconPapers)
JEL-codes: A14 B20 B26 G01 N00 N01 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2018-05
New Economics Papers: this item is included in nep-his, nep-hme, nep-hpe and nep-sog
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