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The discipline of economics: ambivalent epistemologies and the foreclosure of critique in elite economics education

2024/09/27 by Alice Pearson · 1 voice
Economics, Econometrics and Finance · Social Sciences · #Economic Theory and Institutions #Political Economy and Marxism

paper · pdf · doi:10.1111/1467-9655.14149

openalex publication_date 2024/09/27 · openalex created_date 2025/10/10 · openalex updated_date 2026/05/21

Abstract

Abstract This article interrogates relations between dual senses of economics as ‘discipline’: as a form of knowledge and as a form of training. Scholars have suggested that economics performatively brings homo economicus into being. Yet this has been often posited as a singular figure, while eclipsing the unequal forms of personhood and sociality it instantiates. Through ethnography of elite undergraduate economics education in the United Kingdom, I ask how the ‘representative agents’ of homo economicus are considered ‘representative’, and how they relate to the forms of ‘agency’ that students cultivate. I argue that ambivalent epistemologies in economics oscillate between a‐realism and what I term ‘brutal realism’, which appeals to epistemic prowess yet normalizes the partial perspective of a detached elite masculinity. Students are encouraged to foreclose critique to stabilize these unstable models; thus the multiplicity of representative agents paradoxically contributes to their traction. Meanwhile, students cultivate ethics of efficiency that facilitate this wilful blindness, shaping their trajectories into finance. I demonstrate that the authority of economics emerges through distinct affective, pedagogical, and epistemological forms, and there are multiple mirrors between these forms and the content of economics education.

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