This paper conjectures that economics has changed profoundly since the 1970s and that these changes involve a new … theory than was previously the case. Discussing new types of applied work, the changing context of applied work, and new … understanding of the nature of applied work and hence of economics itself. …

This paper provides insights into the apparent seesaw between the generation of theoretical versus empirical economics … yields the main characteristics of the path-changing of economics research, from theoretical-intensive to empirical …