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A New Economics for the 21st Century

Author

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  • Goodwin, Neva

Abstract

The critical role for economic theory is no longer simply to explain how the existing system works, but also to explore how the economic system can be changed to become more adaptive and resilient in the face of the challenges of the 21st century, and how it can be more directly designed to support human well-being, in the present and the future. Simultaneous changes are needed, in both the actual economy (how it functions, by what rules, how it can be made responsive to constraints) and also in economic theory.

Suggested Citation

  • Goodwin, Neva, 2010. "A New Economics for the 21st Century," MPRA Paper 27907, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:27907
    as

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    File URL: https://mpra.ub.uni-muenchen.de/27907/1/MPRA_paper_27907.pdf
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    References listed on IDEAS

    as
    1. Jonathan M. Harris & Neva R. Goodwin (ed.), 2009. "Twenty-First Century Macroeconomics," Books, Edward Elgar Publishing, number 13112.
    2. Mitchel Y. Abolafia (ed.), 2005. "Markets," Books, Edward Elgar Publishing, number 2788.
    3. Lane,Robert E., 1991. "The Market Experience," Cambridge Books, Cambridge University Press, number 9780521407373.
    4. Goodwin, Neva, 2005. "The limitations of markets: Background essay," MPRA Paper 27940, University Library of Munich, Germany.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Contextual economics; economic theory; economic goals; bias in economic theory;
    All these keywords.

    JEL classification:

    • Z13 - Other Special Topics - - Cultural Economics - - - Economic Sociology; Economic Anthropology; Language; Social and Economic Stratification
    • B00 - Schools of Economic Thought and Methodology - - General - - - History of Economic Thought, Methodology, and Heterodox Approaches

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