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The New Pragmatism, or economics and policy for the future

Author

Listed:
  • Grzegorz W. Kolodko

    (Kozminski University Transformation, Integration and Globalization Economic Research (TIGER), Warsaw, Poland)

Abstract

Economics is not only a means of interpreting the past, but it must become an instrument for shaping the future, too. It should show inevitable future economic processes, with their links to culture, technology, and environment. With theoretical knowledge of this area, strategies of economically, socially, and environmentally sustainable development can be put in place. In the future, heterodoxy is bound to dominate, and economics will become increasingly interdisciplinary. Future generations need economics of moderation and a theory describing it, as opposed to the thus far prevailing economics of either deficiency or excess. We need the New Pragmatism.

Suggested Citation

  • Grzegorz W. Kolodko, 2014. "The New Pragmatism, or economics and policy for the future," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 64(2), pages 139-160, June.
    • Handle: RePEc:aka:aoecon:v:64:y:2014:i:2:p:139-160
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    Citations

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    Cited by:

    1. Grzegorz W. Kołodko, 2019. "Uwarunkowania i długookresowe implikacje Strategii dla Polski," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 2, pages 65-93.
    2. Kołodko Grzegorz W., 2018. "Economic Expansion of China: Determinants, Perspectives, Limits," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 11(1), pages 7-19, March.
    3. Grzegorz W. Kołodko, 2020. "Wielka chińska transformacja: ze świata trzeciego do pierwszego," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 4, pages 53-80.
    4. Kolodko Grzegorz W., 2017. "New Pragmatism: In the Quest for Economics and Development Policy in the 21st Century," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 25(2), pages 2-5, June.
    5. Grzegorz W. Kolodko, 2018. "Socialism or capitalism? Tertium Datur," Economy and Forecasting, Valeriy Heyets, issue 1, pages 7-36.

    More about this item

    Keywords

    future; institutions; growth; development; world; globalisation strategy; economic policy; Normative Economics;
    All these keywords.

    JEL classification:

    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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