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



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}.

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Paper provided by EconWPA in its series General Economics and Teaching with number 0112001.

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Length: 49 pages
Date of creation: 04 Dec 2001
Date of revision:
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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