Translation and economics: inclusive communication or language diversity?

Abstract

Translation as a communication act has been studied with tools developed in neo-classical economics, particularly cooperative outcomes, transaction costs, asymmetric information and risk management. Although those tools bring across some of the empirical virtues of economics as a discipline, notably its capacity for formalism and modification on the basis of data, they do not account for the economics of languages, which is an alternative tradition that has become important for European language policy. An attempt to contrast these two approaches reveals some of the deficiencies in the economics of languages, notably with respect to attempts to formulate ethical bases for language policy, in..