Economics and economic methodology in a core-periphery economic world

Vol. 39 No. 3 (2019)

Jul-Sep / 2019
Published July 1, 2019
PDF-English
PDF-English

How to Cite

B. Davis, John. 2019. “Economics and Economic Methodology in a Core-Periphery Economic World”. Brazilian Journal of Political Economy 39 (3), 408-26. https://bjpe.org.br/rep/index.php/journal/article/view/15.

Economics and economic methodology in a core-periphery economic world

John B. Davis
Marquette University, Milwaukee, Wisconsin, United States.
Brazilian Journal of Political Economy, Vol. 39 No. 3 (2019), Jul-Sep / 2019, Pages 408-426

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.

JEL classification: A12; B41; B50; O20.


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