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The Economics Profession In The 21st Century: Theory Practice And Prospects

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  • GODWIN C. NWAOBI

    (THE UNIVERSITY OF ABUJA)

Abstract

The new millennium economics has evolved out of neoclassical economics over the last hundred years. The pace of change has increased over time and in the first half of the 21st century, the economics profession will change as much, or more, than it did in the last half of the 20th century. These changes will occur both because of the internal tensions in the profession in the second part of the 20th century and because of technological changes that affected both the research methods of economics and the structure of higher education generally. This paper therefore argued that the prospects of the economics profession remain positive(for the decades ahead}.

Suggested Citation

  • Godwin C. Nwaobi, 2001. "The Economics Profession In The 21st Century: Theory Practice And Prospects," General Economics and Teaching 0112001, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpgt:0112001
    Note: Type of Document - Acrobat pdf; prepared on IBM PC ; to print on HP; pages: 49 ; figures: none. This paper is designed to provide insight into the future directions of the economics profession.
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    References listed on IDEAS

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    More about this item

    Keywords

    new millennium neoclassical technological changes economics profession;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

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