Institutionalizing Scientific Knowledge: The Social and Political Foundation of Empirical Economic Research

Abstract

Scientific knowledge is an essential component of modern society. Consequently, sociologists are interested in its production process and have conducted a broad variety of studies showing how social patterns influence the definition and the boundaries of scientific knowledge. In this paper, I ask how social factors influence the transformation of a ‘normal’ field of knowledge into a ‘scientific’ one. First, I give a brief overview of the development of the sociology of scientific knowledge exploring different approaches to the social foundations and boundaries of scientific knowledge. Second, I present a case study of the transformation of empirical economic research in the 1920s from a field of knowledge produced by journalists and civil servants into a prestigious scientific domain. I use neo-institutionalist ideas to show that knowledge needs a socially legitimated organizational frame in order to count as ‘scientific’ and I examine how political needs to ‘manage the economy’ build boundaries around economic knowledge and define it as ‘scientific’ in order to control its production, distribution, and communication.