Reflections on the state of the art in History of Economic Thought after the Great Recession
- Esteban Cruz Hidalgo Universidad de Extremadura https://orcid.org/0000-0002-4374-4371
- Francisco Manuel Parejo Moruno Universidad de Extremadura https://orcid.org/0000-0002-5663-5078
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- José Francisco Rangel Preciado Universidad de Extremadura https://orcid.org/0000-0002-1448-630X
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- Eduardo Garzón Espinosa Universidad Autónoma de Madrid https://orcid.org/0000-0003-2956-446X
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Abstract
Since the History of Economic Thought is a field within the discipline, regrets about its loss of prominence for economic analysis are a constant. In this paper we examine the state of the art of the discipline and whether the Great Recession has influenced what is investigated through the publications of five of the main journals in the area. Our results suggest that the direction given to the market of economic ideas seems to outweigh the progress of events, although this does not imply per se that it is not a good time for the specialization. While this trend pushes in one direction, displacing modes of thought that are not shared by the dominant sociological community, the fragmentation of the discipline motivated by the social division of labour creates the need for generalists. On this contradiction we make a deep reflection on the ontological tension, scope and critical bias that the History of Economic Thought provides.
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