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The changing face of mainstream economics

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Author Info
David Colander
Richard Holt
Barkley Rosser, Jr

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Abstract

This article argues that economics is currently undergoing a fundamental shift in its method, away from neoclassical economics and into something new. Although that something new has not been fully developed, it is beginning to take form and is centered on dynamics, recursive methods and complexity theory. The foundation of this change is coming from economists who are doing cutting edge work and influencing mainstream economics. These economists are defining and laying the theoretical groundwork for the fundamental shift that is occurring in the economics profession.

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Publisher Info
Article provided by Taylor and Francis Journals in its journal Review of Political Economy.

Volume (Year): 16 (2004)
Issue (Month): 4 (October)
Pages: 485-499
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Handle: RePEc:taf:revpoe:v:16:y:2004:i:4:p:485-499

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Veblen, Thorstein, 1899. "The Preconceptions of Economic Science II," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 13. [Downloadable!]
  2. Debreu, Gerard, 1991. "The Mathematization of Economic Theory," American Economic Review, American Economic Association, vol. 81(1), pages 1-7, March.
  3. Veblen, Thorstein, 1899. "The Preconceptions of Economic Science I," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 13. [Downloadable!]
  4. David Colander, 2000. "The Death Of Neoclassical Economics," Journal of the History of Economic Thought, Taylor and Francis Journals, vol. 22(2), pages 127-143, June. [Downloadable!] (restricted)
    Other versions:
  5. Tesfatsion, Leigh S. & Judd, Kenneth L., 2003. "Handbook of Computational Economics, Vol. 2: Agent-Based Computational Economics," Staff General Research Papers 10368, Iowa State University, Department of Economics. [Downloadable!]
  6. Stodder James, 1995. "The Evolution of Complexity in Primitive Exchange: Theory," Journal of Comparative Economics, Elsevier, vol. 20(1), pages 1-31, February. [Downloadable!] (restricted)
  7. J. Barkley Rosser Jr., 1999. "On the Complexities of Complex Economic Dynamics," Journal of Economic Perspectives, American Economic Association, vol. 13(4), pages 169-192, Fall. [Downloadable!] (restricted)
  8. Leigh Tesfatsion, 2002. "Agent-Based Computational Economics," Computational Economics 0203001, EconWPA, revised 15 Aug 2002. [Downloadable!]
  9. Veblen, Thorstein, 1900. "The Preconceptions of Economic Science III," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 14. [Downloadable!]
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. David Colander, 2004. "Economics as an Ideologically Challenged Science," Middlebury College Working Paper Series 0422, Middlebury College, Department of Economics. [Downloadable!]
    Other versions:
  2. Sandra Silva, 2009. "On evolutionary technological change and economic growth: Lakatos as a starting point for appraisal," Journal of Evolutionary Economics, Springer, vol. 19(1), pages 111-135, February. [Downloadable!] (restricted)
    Other versions:
  3. Resende, Marcelo / Zeidan, Rodrigo M., 2007. "Lionel Robbins: A Methodological Reappraisal," CESifo Working Paper Series CESifo Working Paper No. , CESifo Group Munich. [Downloadable!]
  4. David Colander & Richard P.F. Holt & J. Barkley Rosser, Jr., 2007. "Live and Dead Issues in the Methodology of Economics," Middlebury College Working Paper Series 0704, Middlebury College, Department of Economics. [Downloadable!]
    Other versions:
  5. Philipp Köllinger & Maria Minniti & Christian Schade, 2005. ""I Think I Can, I Think I Can": Overconfidence and Entrepreneurial Behavior," Discussion Papers of DIW Berlin 501, DIW Berlin, German Institute for Economic Research. [Downloadable!]
    Other versions:
  6. Luiz Carlos Bresser-Pereira, 2006. "The Two Methods of Economics," Textos para discussão 148, Escola de Economia de São Paulo, Getulio Vargas Foundation (Brazil). [Downloadable!]
  7. James P. Gander, 2009. "Firm Debt Structure and Firm Size," Working Paper Series, Department of Economics, University of Utah 2009_09, University of Utah, Department of Economics. [Downloadable!]
  8. Robert Garnett, 2006. "Paradigms and pluralism in heterodox economics," Review of Political Economy, Taylor and Francis Journals, vol. 18(4), pages 521-546, October. [Downloadable!] (restricted)
  9. Peter Hans Matthews, 2004. "Who is Post-Walrasian Man?," Middlebury College Working Paper Series 0412, Middlebury College, Department of Economics. [Downloadable!]
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