The Changing Face of Mainstream Economics
AbstractThis 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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Bibliographic InfoPaper provided by Middlebury College, Department of Economics in its series Middlebury College Working Paper Series with number 0327.
Length: 14 pages
Date of creation: Nov 2003
Date of revision:
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Other versions of this item:
- NEP-ALL-2003-11-23 (All new papers)
- NEP-CBE-2003-11-23 (Cognitive & Behavioural Economics)
- NEP-HPE-2003-11-23 (History & Philosophy of Economics)
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