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Economics in the Post-Socialist Century

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  • Buchanan, James M

Abstract

Economics in the century ahead will be marked by a reduction in ideological tension, which will, in turn, generate increased convergence of the attitudes of economists on normative issues. This convergence will increase the influence of economists on policy. There will also occur a retrospective examination of the analytical mind-set that led economists to accept uncritically the socialist model. This examination may generate major methodological shifts. Copyright 1991 by Royal Economic Society.

Suggested Citation

  • Buchanan, James M, 1991. "Economics in the Post-Socialist Century," Economic Journal, Royal Economic Society, vol. 101(404), pages 15-21, January.
  • Handle: RePEc:ecj:econjl:v:101:y:1991:i:404:p:15-21
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    Cited by:

    1. D. P. O'Brien, 1992. "Economists and Data," British Journal of Industrial Relations, London School of Economics, vol. 30(2), pages 253-285, June.
    2. Iwona Koza, 2015. "The powers of rural districts in Poland (Kompetencje powiatow ziemskich w Polsce)," Research Reports, University of Warsaw, Faculty of Management, vol. 1(18), pages 37-50.
    3. Olsson, Ola, 2000. "A Microeconomic Analysis of Institutions," Working Papers in Economics 25, University of Gothenburg, Department of Economics.
    4. Zhihong Mo, 2012. "Decentralized planning in a market economy? On the nature of Coaseā€™s research program," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 25(2), pages 115-129, June.

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