Qualitative and quantitative research methods are typically treated as distinct tools in economics research. This chapter explores the presumed analytical separation of these methods, questioning whether they are distinct from one another, or whether, in fact, they are interdependent and mutually informative avenues for social exploration. After reviewing the different arguments for and against the integration of these methods, we argue the latter: that is, that quantitative and qualitative research methods must each be, and are, necessarily related to the other in the construction of empirically grounded theory. In addition, if economic research is to adequately explain the complexities of social reality, both qualitative and quantitative methods can and should also be used in conjunction with one another (for instance, through data triangulation and case-study methods).
Lynda Pickbourn and Smita Ramnarain
Amit Basole and Smita Ramnarain
This chapter examines the relevance of qualitative and ethnographic methods for the discipline of economics, especially in heterodox economic inquiry. Using examples such as Adam Smith and Ronald Coase, we argue that qualitative and ethnographic techniques have always informed the development of economic theory, but remain invisible in its presentation. In view of common objections to such work within economics, we discuss how these methods contribute to a greater understanding of real-world economic and social phenomena, power relations, and social hierarchy. We then discuss specific ethnographic techniques _ interviews, key informant interviews, focus group discussions, participant observation, non-participant observation, and document analysis – and their uses in economics, drawing on studies in both the mainstream and heterodox traditions. The chapter presents a typology of these studies, sorting them into five broad categories of research queries that are amenable to a qualitative approach. We conclude with a discussion of the ways in which ethnographic work may be encouraged within heterodoxy.