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In this chapter, we review how economists and linguists have problematized the relationship between economy and language, focusing on their methodologies, theoretical toolboxes, and ideologies. One of the striking differences lies in the ways they conceptualize languages, viz., as strictly denotational for economists but both denotational and indexical for linguists. We show that by approaching them as abstract, asocial, ahistorical, and statistically measurable entities, economists treat languages as resources whose economic consequences for individuals or societies can simply be derived from their intrinsic nature. By contrast, examining languages as practices grounded in their sociohistorical ecologies, linguists have been more interested in the valuation of some languages as capitals that can outweigh others economically or symbolically. Overall, we highlight the interdisciplinary nature of “economy and language” as a research area, showing how complex it is and how productive it should be to build an intellectual bridge between the two disciplines.
Linguistics has had a significant and evident impact on economics, and vice versa. However, this mutually beneficial relationship has so far remained under-exploited. This rich volume brings together an international range of scholars, to bridge the gap between these two distinct but increasingly interrelated disciplines. It covers areas such as the role of economic factors in the maintenance or loss of languages, the relationship between speakers' language choices and economic practices, the relevance of economic development to the spread of modern communication technology, and the role of language in economic development. It represents a critical call to arms for researchers and students in both fields to engage in better informed ways with the work of the other. By sharing both linguistic and economic ideas, the editors and the other contributors foster a clear dialogue between the two disciplines, which will inform the rapidly emerging field of 'language economics'.
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