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New Millennium Economics: How Did It Get This Way, and What Way Is It?

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  • David Colander

Abstract

This paper is a discussion of the changes in the economics profession that occurred (or at least are suggested will occur) between 2000 and 2050. Structural changes include the growth of virtual universities, the movement of the center of economics out of the U.S. and the shrinking of traditional graduate economics programs as we know them today, and their replacement by public policy and specialty programs. Changes in content include an increase in simulation work, experimental work, and the replacement of a neoclassical vision with a New Millennium vision based on a complexity foundation in which patterns develop spontaneously.

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File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.14.1.121
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Bibliographic Info

Article provided by American Economic Association in its journal Journal of Economic Perspectives.

Volume (Year): 14 (2000)
Issue (Month): 1 (Winter)
Pages: 121-132

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Handle: RePEc:aea:jecper:v:14:y:2000:i:1:p:121-132

Note: DOI: 10.1257/jep.14.1.121
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References

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  1. Dewald, William G & Thursby, Jerry G & Anderson, Richard G, 1986. "Replication in Empirical Economics: The Journal of Money, Credit and Banking Project," American Economic Review, American Economic Association, vol. 76(4), pages 587-603, September.
  2. David Colander, 2008. "Complexity and the History of Economic Though," Middlebury College Working Paper Series 0804, Middlebury College, Department of Economics.
  3. David Colander, 2002. "The Death of Neoclassical Economics," Middlebury College Working Paper Series 0237, Middlebury College, Department of Economics.
  4. Leamer, Edward E, 1983. "Let's Take the Con Out of Econometrics," American Economic Review, American Economic Association, vol. 73(1), pages 31-43, March.
  5. Deirdre N. McCloskey & Stephen T. Ziliak, 1996. "The Standard Error of Regressions," Journal of Economic Literature, American Economic Association, vol. 34(1), pages 97-114, March.
  6. Thomas Mayer, . "Data Mining: A Reconsideration," Department of Economics 97-15, California Davis - Department of Economics.
  7. Thomas Mayer, 2003. "Data Mining: A Reconsideration," Working Papers 9715, University of California, Davis, Department of Economics.
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Cited by:
  1. Paul, Satya & Lodewijks, John, 2003. "Alternative Structures and Teaching Modes for a Multi-campus University," Economic Analysis and Policy (EAP), Queensland University of Technology (QUT), School of Economics and Finance, vol. 33(1), pages 136-143, March.
  2. Happe, Kathrin & Balmann, Alfons, 2008. "Doing Policy In The Lab! Options For The Future Use Of Model-Based Policy Analysis For Complex Decision-Making," 107th Seminar, January 30-February 1, 2008, Sevilla, Spain 6588, European Association of Agricultural Economists.
  3. Gérard Charreaux, 2008. "La recherche en finance d’entreprise:quel positionnement méthodologique ?," Revue Finance Contrôle Stratégie, revues.org, vol. 11(Special), pages 237-290, June.
  4. David Colander, 2004. "What We Teach and What We Do," Middlebury College Working Paper Series 0426, Middlebury College, Department of Economics.
  5. Syrquin, Moshe, 2010. "Kuznets and Pasinetti on the study of structural transformation: Never the Twain shall meet?," Structural Change and Economic Dynamics, Elsevier, vol. 21(4), pages 248-257, November.
  6. Sandye Gloria-Palermo, 2013. "In Search of the Right Tool: From Formalism to Constructivist Modelling," GREDEG Working Papers 2013-33, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
  7. Javier Gómez Pineda, 2008. "El crecimiento económico y la supervivencia: el caso de las matemáticas y la economía"," BORRADORES DE ECONOMIA 004579, BANCO DE LA REPÚBLICA.

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