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This article argues that the neoclassical era in economics has ended and is being replaced by a new era. What best characterizes the new era is its acceptance that the economy is complex, and thus that it might be called the complexity era. The complexity era has not arrived through a...
Persistent link: https://www.econbiz.de/10009205475
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...
Persistent link: https://www.econbiz.de/10005484704
When heterodox economists talk of pluralism they are generally talking about pluralism within the economics profession-they are asking: how can we have a more pluralistic economics profession? This paper argues that another, perhaps more useful, way to think of pluralism and economics is from...
Persistent link: https://www.econbiz.de/10011104434