Economics and Economic Methodology in a Core-Periphery Economic World

Brazilian Journal of Political Economy, Forthcoming

18 Pages Posted: 4 Feb 2019

See all articles by John B. Davis

John B. Davis

University of Amsterdam; Marquette University

Date Written: January 28, 2019

Abstract

This paper uses a core-periphery distinction to characterize contemporary economics, economic methodology, and also today’s world economy. First, it applies the distinction to the organization of contemporary economics through an examination of the problem of explaining economics’ relations to and boundaries with other disciplines. Second, it argues that economics’ core-periphery organization is replicated in a similar organization of the use and practice of contemporary economic methodology in economics. Third, it draws on the use of the core-periphery thinking in economics itself regarding the uneven development of the world economy to provide possible foundations for economics and economic methodology being organized in core-periphery terms. Fourth, the paper briefly discusses three potential countervailing forces operating on the development of contemporary economics that might work against its core-periphery organization.

Keywords: core-periphery, economics and other disciplines, economic methodology, uneven development, specialization, formal modeling, empirical turn

JEL Classification: A12, B41, B50, O20

Suggested Citation

Davis, John B. and Davis, John B., Economics and Economic Methodology in a Core-Periphery Economic World (January 28, 2019). Brazilian Journal of Political Economy, Forthcoming, Available at SSRN: https://ssrn.com/abstract=3324569 or http://dx.doi.org/10.2139/ssrn.3324569

John B. Davis (Contact Author)

Marquette University ( email )

P.O. Box 1881
Milwaukee, WI 53201-1881
United States

University of Amsterdam ( email )

Amsterdam
Netherlands

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