The Center for the History of Political Economy Working Paper Series No. 2014-15
32 Pages Posted: 19 Nov 2014
Date Written: November 01, 2014
This paper conjectures that economics has changed profoundly since the 1970s and that these changes involve a new understanding of the relationship between theoretical and applied work. Drawing on an analysis of John Bates Clark medal winners, it is suggested that the discipline became more applied, applied work being accorded a higher status in relation to pure theory than was previously the case. Discussing new types of applied work, the changing context of applied work, and new sites for applied work, the paper outlines a research agenda that will test the conjecture that there has been a changed understanding of the nature of applied work and hence of economics itself.
Keywords: Applied economics, theory, Clark Medal, JEL codes, core, policy, computation, data, econometrics
JEL Classification: A10, B20, B40, C00
Suggested Citation: Suggested Citation
Backhouse, Roger and Cherrier, Beatrice, Becoming Applied: The Transformation of Economics after 1970 (November 01, 2014). The Center for the History of Political Economy Working Paper Series No. 2014-15. Available at SSRN: https://ssrn.com/abstract=2526274 or http://dx.doi.org/10.2139/ssrn.2526274