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Prospects for Economics

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  • Pencavel, John

Abstract

This paper discusses the curent state of economics and ruminates about its future course. Conjectures are offered about developments in economics research and also about the evolution of the profession. The discipline will become increasingly diverse both in its subject matter and in its analytical approaches. Much of the advance in economics science will come from those fusing theory with data, yet there are powerful forces attracting economists away from this central ground and toward the wings of pure theory and pure data analysis. Copyright 1991 by Royal Economic Society.

Suggested Citation

  • Pencavel, John, 1991. "Prospects for Economics," Economic Journal, Royal Economic Society, vol. 101(404), pages 81-87, January.
    • Handle: RePEc:ecj:econjl:v:101:y:1991:i:404:p:81-87
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    Cited by:

    1. Sheila C. Dow, 2012. "Variety of Methodological Approach in Economics," Palgrave Macmillan Books, in: Foundations for New Economic Thinking, chapter 13, pages 210-230, Palgrave Macmillan.
    2. Steve Fleetwood, 2005. "A critical realist reply to Walters & Young," Review of Political Economy, Taylor & Francis Journals, vol. 17(4), pages 587-600.
    3. Michel De Vroey & Luca Pensieroso, 2021. "Grounded in Methodology, Certified by Journals: The Rise and Evolution of a Mainstream in Economics," LIDAM Discussion Papers IRES 2021015, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    4. Rose M. Rubin & Cyril F. Chang, 2003. "A bibliometric analysis of health economics articles in the economics literature: 1991‐2000," Health Economics, John Wiley & Sons, Ltd., vol. 12(5), pages 403-414, May.
    5. Steve Fleetwood, 2001. "Causal Laws, Functional Relations and Tendencies," Review of Political Economy, Taylor & Francis Journals, vol. 13(2), pages 201-220.

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