Integrated Phd Researcher

Ana Costa

research interests

Political economy of austerity; Theoretical and epistemological foundations of the crisis of 2007-2008 and of the public policies to deal with the crisis; Values, (in)commensurability of value and valuation; Individual and collective decision making in context of moral difficulty; Institutional economics.

Short Bio

Ana Costa is a professor at ISCTE – Lisbon University Institute (Political Economy Department of the School of Social Sciences) and researcher at DINAMIA’CET (Research Centre for Socioeconomic Change and the Territory). She graduated in Economics and concluded a Master in Development and International Cooperation at ISEG and a PhD in Economics at ISCTE. She is subdirector of DINÂMIA’CET. She is also member of the Observatory about Crisis and Alternatives (Centre for Social Studies - University of Coimbra), in collaboration with the International Labour Organisation (ILO).

research project at dinâmia'cet-Iscte

The analysis of the mode of production of economic knowledge and its entanglement with policy in various institutional contexts (academia, international organizations, think tanks) and the relation with the current processes of transformation of economies and societies: (a) analysis of the narratives mobilized by economists, that is, their consensual common views about the functioning of the economy, that constitute the underlying epistemic and value-laden presuppositions to public policies; (b) analysis of the “mode of diffusion” of economic ideas and discourse in the public space (the media), in particular, the crisis narratives which have been dominant; (c) analysis of the dominance of certain economic ideas and the underlying mechanisms justifying such dominance. The case of the role of the Bank of Portugal in the process of financialization of the Portuguese economy under EU membership;(d) analysis of the main features of the Portuguese economics community and research system.

Link to DINÂMIA'CET-IUL identifying mission:

This research programme converges with the D’C’s GEC Research Group research programme emphasizing the analysis of the evolution of the modes of regulation - public, private and social - as well as of the practices of governance and the interdependence between knowledge, discourse and policy making. At a more broad level it converges with the strategic objective of D’C to seek an improved understanding of the nature of socioeconomic changes and the dynamics of collective action regarding markets, political actors, and public spaces.

Main publications

Costa, Ana, José Castro Caldas, Ricardo Coelho, Maria de Fátima Ferreiro e Vasco Gonçalves (2016), “The building of a dam: value conflicts in public decision-making”, Environmental Values, vol. 25: 215-234

Costa, Ana e José Castro Caldas (2014), “A União Europeia e Portugal entre os resgates bancários e a austeridade: um mapa das políticas e das medidas”, em José Reis (Org.), A Economia Política do Retrocesso, Coimbra: Almedina: 87-124.

Ferreiro, Maria de Fátima, Maria Eduarda Gonçalves e Ana Costa (2013), “Conflicting Values and Public Decision: the Foz Côa Case”, Ecological Economics, vol. 86: 129-135.

Costa, Ana Narciso e José Castro Caldas (2011), “Claiming Choice for Institutional Economics”, Journal of Economic Issues, Vol. XLV, nº. 3: 665-684.

Caldas, José Castro, Ana Narciso Costa e Tom R. Burns (2007), “Rethinking economics: the potential contribution of the classics”, Cambridge Journal of Economics, vol. 31, nº. 1: 2540.

Main projects

Member of the research team RECON (The making of economics in Portugal: a study of Portuguese recent economic research (1980 to the present)) coordinated by the CES - Center for Social Studies of the University of Coimbra, with the DINÂMIA'CET as participant institution (PTDC / IVCHFC / 3826/2014 June 2016 to June 2019)

Principal Investigator of the OpenEc research project (Economics and the “real-world”: the case of the Portuguese Memorandum) coordinated by the CES - Center for Social Studies of the University of Coimbra, with DINÂMIA'CET as participant institution (EXPL / IVC-ESCT / 2324/2013, April 2014 to September 2015).

Member of the research team Behave (A behavioral approach to consumer credit decision-making) coordinated by the CES - Center for Social Studies of the University of Coimbra, with DINÂMIA'CET as participant institution (March 2011 to September 2014).

Member of the research team BeCom (Choice beyond (in)commensurability: controversies and public decision making on territorial sustainable development) coordinated by the CES - Center for Social Studies of the University of Coimbra, where the DINAMIA'CET-IUL participant institution (PTDC / CS-ECS / 099630/2008, February 2010 to September 2013).

Member of the REVAL research team From internal devaluation to revaluation of work: the case of Portugal - PTDC/SOC-SOC/28811/2017

Last update

18 de setembro de 2020