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The Revolution of the New Classics: networks, influence and methodology

Revista de Economía Institucional

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Title The Revolution of the New Classics: networks, influence and methodology
La revolución de los nuevos clásicos: redes, influencia y metodología
 
Creator Salazar, Boris
Otero, Daniel
 
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Nueva Economía Clásica; revolución; Lucas; redes de citación; influencia intelectual
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Description The New Classical Revolution has been told as the story of a sudden and unstoppable assault on the Keynesian paradigm that attained immediate unanimity among macroeconomists due to its irresistible scientific method. After following the citation network of the seven articles on macroeconomic policy chosen by Lucas and Sargent, plus Lucas (1976) and Lucas & Sargent (1978), we found that the lines of fracture, associated to Keynesianism and the Northeastern-Midwest divide of Economics departments, stood between 1976 and 2013. Those who cited Lucas hardly cited Fischer (1977), and vice versa. The network was always divided into two, three, and more components, occupying changing fractions of the total structure, and reflecting separate influences and divergent citation patterns and generations. The Revolution happened first in Chicago, Minnesota and Carnegie-Mellon, expanding thereafter to other countries via disciples, but never attaining a total dominance over the profession at large.
La revolución de los nuevos clásicos ha sido contada como un rápido y fulminante asalto al paradigma keynesiano, que logró la unanimidad inmediata por la fuerza irresistible de su método científico. Después de estudiar la red de citaciones de los siete artículos de política macroeconómica elegidos por Lucas y Sargent, más Lucas (1976) y Lucas y Sargent (1978), encontramos que las líneas de fractura –asociadas al keynesianismo y a la división Noreste-Medio Oeste de los departamentos de Economía– se mantuvieron entre 1976 y 2013. Los que citaban a Lucas casi nunca citaban a Fischer (1977) y viceversa. La red siempre estuvo dividida en dos, tres y más componentes, que ocupaban fracciones cambiantes de la estructura total, reflejando influencias, patrones de citación y generaciones divergentes. La revolución ocurrió en Chicago, Minnesota y Carnegie-Mellon, y se extendió a otros países a través de discípulos, sin lograr nunca un dominio total.
 
Publisher Universidad Externado de Colombia
 
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Date 2015-06-26
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
text/html
 
Identifier http://revistas.uexternado.edu.co/index.php/ecoins/article/view/4073
10.18601/01245996.v17n32.02
 
Source Revista de Economía Institucional; Vol. 17, Núm. 32 (2015); 39-69
2346-2450
0124-5996
 
Language spa
 
Relation http://revistas.uexternado.edu.co/index.php/ecoins/article/view/4073/4442
http://revistas.uexternado.edu.co/index.php/ecoins/article/view/4073/4783
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Rights Copyright (c) 2015 Boris Salazar, Daniel Otero
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