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September 10, 2025Issues of Economic Theory

Text-as-Data: An Economics Perspective

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Authors

ALAlexander LibmanEuropa-Institut

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Overview

This analysis shows the expanding role of text-as-data in economics, highlighting its contradictions with key principles like revealed preferences.

Key Points

  • Text-as-data is gaining importance in economics, signaling a trend towards quantitative methods and complexity.
  • The integration of quantitative text analysis presents challenges, particularly regarding the principle of revealed preferences in economics.
  • Political science and sociology embrace text-as-data naturally, unlike its ambiguous position in economics.
  • The increasing use of text-as-data reflects broader shifts in social sciences, suggesting a need for reevaluation of economic methodologies.

Cite This Study

Alexander Libman (2025) studied this question.

synapsesocial.com/papers/68c1c32754b1d3bfb60f0f91https://doi.org/10.52342/2587-7666vte_2025_3_38_48
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