The Changing Face of Economics
Conversations with Cutting Edge Economists
Published on 16. December 2004
Book
Paperback/Softback
368 pages
978-0-472-06877-7 (ISBN)
Description
The Changing Face of Economics gives the reader a sense of the modern economics profession and how it is changing. The volume does so with a set of nine interviews with cutting edge economists, followed by interviews with two Nobel Prize winners, Paul Samuelson and Kenneth Arrow, reflecting on the changes that are occurring. What results is a clear picture of today's economics--and it is no longer standard neoclassical economics.
The interviews and commentary together demonstrate that economics is currently undergoing a fundamental shift in method and is moving away from traditional neoclassical economics into a dynamic set of new methods and approaches. These new approaches include work in behavioral economics, experimental economics, evolutionary game theory and ecological approaches, complexity and nonlinear dynamics, methodological analysis, and agent-based modeling.
David E. Colander is Professor of Economics, Middlebury College.
J. Barkley Rosser, Jr., is Professor of Economics and Kirby L. Kramer Jr. Professor of Business Administration, James Madison University.
Richard P. F. Holt is Professor of Churchill Honors and Economics, Southern Oregon University.
The interviews and commentary together demonstrate that economics is currently undergoing a fundamental shift in method and is moving away from traditional neoclassical economics into a dynamic set of new methods and approaches. These new approaches include work in behavioral economics, experimental economics, evolutionary game theory and ecological approaches, complexity and nonlinear dynamics, methodological analysis, and agent-based modeling.
David E. Colander is Professor of Economics, Middlebury College.
J. Barkley Rosser, Jr., is Professor of Economics and Kirby L. Kramer Jr. Professor of Business Administration, James Madison University.
Richard P. F. Holt is Professor of Churchill Honors and Economics, Southern Oregon University.
Reviews / Votes
Contends that the old economic orthodoxy based on rationality, greed, and equilibrium is in the process of being replaced by a new orthodoxy based on purposeful behavior, enlightened self-interest, and sustainability, and exposes this change through interviews with twelve economists who have been, or are currently, involved in this change."-Journal of Economic Literature
More details
Language
English
Place of publication
Ann Arbor
United States
Target group
Professional and scholarly
Illustrations
3 tables, 11 photos
Dimensions
Height: 229 mm
Width: 152 mm
ISBN-13
978-0-472-06877-7 (9780472068777)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
David E. Colander is Professor of Economics, Middlebury College.
J. Barkley Rosser, Jr., is Professor of Economics and Kirby L. Kramer Jr. Professor of Business Administration, James Madison University.
Richard P. F. Holt is Professor of Churchill Honors and Economics, Southern Oregon University.
J. Barkley Rosser, Jr., is Professor of Economics and Kirby L. Kramer Jr. Professor of Business Administration, James Madison University.
Richard P. F. Holt is Professor of Churchill Honors and Economics, Southern Oregon University.