Objective
Modern economics has become an influential scientific discipline, but its ability to explain, predict, and provide solutions to socioeconomic problems has been questioned. The criticism of and debates about economics, including the philosophical discussions, ignore the role that computer technology has played in economic research. ENCODED argues for putting the focus on digital data and algorithms at the centre of the philosophical analyses of economics to achieve substantial breakthroughs in understanding modern economics and move debates in philosophy of economics beyond the state of the art.
The hypothesis of the project is that reliance on computer technology in modern economics has transformative epistemological consequences. To investigate the hypothesis, ENCODED will analyse whether and how computer technology 1) has had an effect on what is being investigated in modern economics, 2) has affected economists’ theorizing and their choices of empirical methods, and whether and how 3) values embedded in this technology have influenced knowledge produced in modern economics.
ENCODED will provide an innovative philosophical approach based on insights from philosophy of science, history of economics, science and technology studies, philosophy of data and algorithms.
A crucial move to achieve the aim of ENCODED is to focus on the epistemological significance of the aspects of computer technology: digital data and algorithms. The focus on digital data and algorithms allows insights from the various disciplines informing the project to be synthesized. This focus will also allow for the development of innovative analysis of case studies (in decision theory, macroeconomics, financial economics, and empirical research), to address fundamental challenges to the epistemological analysis of economics brought about by computer technology, as well as to examine values encoded in computer technology and their importance for knowledge production in modern economics.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- humanities philosophy, ethics and religion philosophy epistemology
- social sciences economics and business economics macroeconomics
- humanities history and archaeology history
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.1.1 - European Research Council (ERC)
MAIN PROGRAMME
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-ERC - HORIZON ERC Grants
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) ERC-2024-COG
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Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
1165 KOBENHAVN
Denmark
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.