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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, EconWPA.
  • 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

    as
    1. Hal R. Varian, 1997. "The AEA's Electronic Publishing Plans: A Progress Report," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 95-104, Summer.
    2. Robert E. Lucas, 2000. "Some Macroeconomics for the 21st Century," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 159-168, Winter.
    3. repec:fth:harver:1470 is not listed on IDEAS
    4. Mankiw, N Gregory, 1990. "A Quick Refresher Course in Macroeconomics," Journal of Economic Literature, American Economic Association, vol. 28(4), pages 1645-1660, December.
    5. Beth Allen, 2000. "The Future of Microeconomic Theory," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 143-150, Winter.
    6. Arnold Katz & William E. Becker, 1999. "Technology and the Teaching of Economics to Undergraduates," The Journal of Economic Education, Taylor & Francis Journals, vol. 30(3), pages 194-199, January.
    7. David Colander, 2018. "The Death Of Neoclassical Economics," Chapters,in: How Economics Should Be Done, chapter 5, pages 46-62 Edward Elgar Publishing.
    8. David Colander, 2000. "New Millennium Economics: How Did It Get This Way, and What Way Is It?," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 121-132, Winter.
    9. William E. Becker, 2000. "Teaching Economics in the 21st Century," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 109-119, Winter.
    10. Lindbeck, Assar, 1985. "The Prize in Economic Science in Memory of Alfred Nobel," Journal of Economic Literature, American Economic Association, vol. 23(1), pages 37-56, March.
    11. Richard H. Thaler, 2000. "From Homo Economicus to Homo Sapiens," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 133-141, Winter.
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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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