The translation of economics and the economics of translation

• Published in: Perspectives, studies in translatology Vol. 25; no. 3; pp. 351 - 361
• Main Authors: Biel, Łucja, Sosoni, Vilelmini
• Format: Journal Article
• Language: English
• Published: Abingdon Routledge 03-07-2017; Taylor & Francis Ltd
• Subjects: Bourdieu, Pierre (1930-2002); business translation; crowdsourcing; Economic factors; Economic translation; Economics; Globalization; Habitus; machine translation; Translation; translation technology; Translators
• ISSN: 0907-676X; 1747-6623
• DOI: 10.1080/0907676X.2017.1313281

Although central in translation practice, and increasing in volume as well as impact due to the growing globalisation and explosion of financial transactions and increasing business activity, economic translation -including business and financial translation - has been little researched and discussed over the years. Yet it constitutes a fascinating and robust area that grows hand-in-hand with the evolution of human civilisation and the development of societies or the developing world. In this global village, the concept of 'economics' in translation has become even more relevant lately, due to the ever-increasing technicalisation of the profession and the alteration of the translation habitus in Bourdieu's terms, which unavoidably affects the translation profession, not least with respect to the diminishing rates and deteriorating working conditions. This special issue aims to explore the specificities and particularities of economic translation as it has been practised over the years and as it is being currently practised around the globe, and also investigate new research trends that appear in the field. At the same time, it wishes to cast some light on the economics of the profession and the changing habitus of the translator.