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The Changing Face of Mainstream Economics

Author

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  • David Colander
  • Ric Holt
  • Barkley Rosser

Abstract

This 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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Suggested Citation

  • David Colander & Ric Holt & Barkley Rosser, 2003. "The Changing Face of Mainstream Economics," Middlebury College Working Paper Series 0327, Middlebury College, Department of Economics.
    • Handle: RePEc:mdl:mdlpap:0327
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    File URL: http://www.middlebury.edu/services/econ/repec/mdl/ancoec/0327.pdf
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    References listed on IDEAS

    as
    1. Aspromourgos, Tony, 1986. "On the Origins of the Term 'Neoclassical.'," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 10(3), pages 265-270, September.
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