Introducing Journalism into the History of Economics

Abstract

The introductory essay to the HOPE supplement on “economics as news” argues why journalism is a deserving subject for research in the history of economics. The case rests on three claims. The first is that the study of journalism gives us a view of a distinct epistemological tradition, of news epistemology, that unsettles the standard convictions of academic knowledge ways. Second, the practices of news organizations are key to understanding how these organizations transform contemporary life into news, marketable products of predictable format. The implication is that economics is featured in news when it is aligned with preexisting journalism practices. Third, journalists acknowledge the existence of domains of expertise but do not feel accountable to them. Ideas that economists may think of as their own are appropriated, repurposed, reinterpreted, and then again and again. Taken together, these arguments describe journalism as an exciting new research territory that will help us understand why so often the body of public economic knowledge diverges from the convictions of credentialed economists.