Reflections on the Present State of Economics

In the context of the special issue on Joseph Steindl, we offer here a republication of Steindl's contribution to the series “Recollections of Eminent Economics”, originally published in vol. 37 n. 148 of “Banca Nazionale del Lavoro Quarterly Review”. With the series of Recollections the journal aimed at publishing short autobiographic essays that contained an author's take on the past and current state of the economic disciplines and profession. Raised in the tradition of the Austrian School, Steindl witnessed two major changes in economics: the Keynesian revolution, and the subsequent "counterrevolution". According to the author, the time for "new fashions" is not far away