IDEAS home Printed from https://ideas.repec.org/a/ecj/econjl/v101y1991i404p41-46.html
   My bibliography  Save this article

Economics in the Century Ahead

Author

Listed:
  • Galbraith, John Kenneth

Abstract

This paper deals with the implications for economics of changing social, political and institutional attitudes and structures proceeding from the hypothesis that economics cannot be a static discipline, that so to regard it is an assurance of scholarly obsolescence. The corporation and the increasingly evident pursuit of personal power within the corporate structure, other bureaucratic patterns of behavior so evident in the firm, the changing political context of economics, the policy errors from the ever more damaging distinction between microeconomics and macroeconomics and the extraordinary problems associated with the movement from comprehensive socialism to welfare-moderated capitalism are cited as examples of the accommodation that economics must make in the years ahead and, to repeat, of the irrelevance that awaits failure so to acommodate. Copyright 1991 by Royal Economic Society.

Suggested Citation

  • Galbraith, John Kenneth, 1991. "Economics in the Century Ahead," Economic Journal, Royal Economic Society, vol. 101(404), pages 41-46, January.
    • Handle: RePEc:ecj:econjl:v:101:y:1991:i:404:p:41-46
    as

    Download full text from publisher

    File URL: http://links.jstor.org/sici?sici=0013-0133%28199101%29101%3A404%3C41%3AEITCA%3E2.0.CO%3B2-K&origin=bc
    File Function: full text
    Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecj:econjl:v:101:y:1991:i:404:p:41-46. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley-Blackwell Digital Licensing or Christopher F. Baum (email available below). General contact details of provider: https://edirc.repec.org/data/resssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.