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The Future of Microeconomic Theory

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  • Beth Allen

Abstract

The question of what constitutes good economic theory is analyzed. Current good and bad aspects of its methodologies are discussed. Interdisciplinary work that goes beyond the social sciences is advocated. The future predictions are presented concerning research in game theory and the economics of information. Finally, the importance of technology and the need for microeconomists to understand it better are argued.

Suggested Citation

  • Beth Allen, 2000. "The Future of Microeconomic Theory," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 143-150, Winter.
    • Handle: RePEc:aea:jecper:v:14:y:2000:i:1:p:143-150
    Note: DOI: 10.1257/jep.14.1.143
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.14.1.143
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    References listed on IDEAS

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    Cited by:

    1. Sheila C. Dow, 2012. "Variety of Methodological Approach in Economics," Palgrave Macmillan Books, in: Foundations for New Economic Thinking, chapter 13, pages 210-230, Palgrave Macmillan.
    2. Ruttan, Vernon W., 2007. "Imperialism, Colonialism and Collaboration in the Social Sciences," Staff Papers 7356, University of Minnesota, Department of Applied Economics.
    3. Godwin Chukwudum Nwaobi, 2002. "The Economics Profession in the 21st. Century: Theory Practice and Prospects," Brazilian Electronic Journal of Economics, Department of Economics, Universidade Federal de Pernambuco, vol. 5(1), May.
    4. Urs W. Birchler, 2000. "Are banks excessively monitored?," Working Papers 00.14, Swiss National Bank, Study Center Gerzensee.
    5. Yoo, Seung Han, 2013. "An alternative proof for the existence of Radner equilibria," Mathematical Social Sciences, Elsevier, vol. 66(1), pages 87-90.
    6. Eric Howe & Jingang Zhao, 2004. "Merger Incentives and Inverse Matrices from Bertrand Competition," Econometric Society 2004 North American Summer Meetings 586, Econometric Society.
    7. Bertrand Crettez & Rabia Nessah & Tarik Tazdaït, 2023. "On the strong $$\beta$$ β -hybrid solution of an N-person game," Theory and Decision, Springer, vol. 94(3), pages 363-377, April.
    8. Möhring, A. & Zimmermann, A., 2006. "Aufbau und Anwendung eines LP-Betriebsmodells mit integrierter Ökobilanz zur Ermittlung nachhaltiger Milchproduktionssysteme," Proceedings “Schriften der Gesellschaft für Wirtschafts- und Sozialwissenschaften des Landbaues e.V.”, German Association of Agricultural Economists (GEWISOLA), vol. 41, March.
    9. Jingang Zhao, 2009. "Estimating Merging Costs by Merger Preconditions," Theory and Decision, Springer, vol. 66(4), pages 373-399, April.
    10. Bertrand Crettez & Rabia Nessah & Tarik Tazdaït, 2023. "On The Strong Β-Hybrid Solution Of An N-Person Game," Post-Print hal-04204632, HAL.
    11. Anderson, Duncan J. & Jack, Claire G. & Connolly, Niamh, 2012. "Identifying Financially Versatile Milk Production Systems," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122460, European Association of Agricultural Economists.
    12. Kjell Hausken, 2013. "Exchange of goods while investing into production and safety," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 23(1), pages 29-35.
    13. Zhao, Jingang, 2018. "Three little-known and yet still significant contributions of Lloyd Shapley," Games and Economic Behavior, Elsevier, vol. 108(C), pages 592-599.
    14. Mohring, Anke & Zimmermann, Albert, 2005. "Construction and Application of an LP Farm Model with an Integrated Life Cycle Assessment for the Determination of Sustainable Milk Production Systems," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24714, European Association of Agricultural Economists.

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    More about this item

    JEL classification:

    • D00 - Microeconomics - - General - - - General
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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