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Old Wine in New Bottles

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  • Friedman, Milton

Abstract

This paper examines the contents of the Economic Journal during its first century as a prelude to speculating about the likely development of economics during the next century. The conclusion is that the issues dealt with will remain much the same and so will many of the substantive conclusions. However, the techniques employed in analyzing them, and the language in which they are presented, will be very different. In addition, the range of subjects covered will broaden as specialization continues to increase and professionalization continues to deepen. Copyright 1991 by Royal Economic Society.

Suggested Citation

  • Friedman, Milton, 1991. "Old Wine in New Bottles," Economic Journal, Royal Economic Society, vol. 101(404), pages 33-40, January.
    • Handle: RePEc:ecj:econjl:v:101:y:1991:i:404:p:33-40
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    Cited by:

    1. Young Choi, 1999. "Conventions and Economic Change: A Contribution toward a Theory of Political Economy," Constitutional Political Economy, Springer, vol. 10(3), pages 245-264, October.
    2. Peter Mertens & Martin Wiener, 2018. "Riding the Digitalization Wave: Toward a Sustainable Nomenclature in Wirtschaftsinformatik," Business & Information Systems Engineering: The International Journal of WIRTSCHAFTSINFORMATIK, Springer;Gesellschaft für Informatik e.V. (GI), vol. 60(4), pages 367-372, August.
    3. Bruce Caldwell, 2013. "Of Positivism and the History of Economic Thought," Southern Economic Journal, John Wiley & Sons, vol. 79(4), pages 753-767, April.
    4. Diana Dmitrievna Burkaltseva & Olga Sergeevna Sivash & Oleg Valerievich Boychenko & Lyubov Vasilievna Savchenko & Tatyana Nikolaevna Bugaeva & Snezhana Anatolyevna Zotova, 2017. "Realization of Investment Processes in the Agricultural Sector of the Digital Economy," European Research Studies Journal, European Research Studies Journal, vol. 0(4B), pages 366-379.
    5. Kenneth Button, 1998. "Where did the ?new urban economics? go?," ERSA conference papers ersa98p358, European Regional Science Association.
    6. Roger E. Backhouse & Bradley W. Bateman, 2012. "The Right Kind of an Economist: Friedman’s View of Keynes," Chapters, in: Thomas Cate (ed.), Keynes’s General Theory, chapter 9, Edward Elgar Publishing.
    7. Evgenij Petrovich Vasilyev & Irina Vladimirovna Filimonenko & Tatyana Petrovna Likhacheva & Irina Rudolfovna Rouiga, 2017. "The Rationale for Increasing the Theoretical Understanding on the Basic Concepts of Economic Theory," European Research Studies Journal, European Research Studies Journal, vol. 0(4A), pages 386-407.
    8. Robert H. Nelson, 2004. "Scholasticism versus Pietism: The Battle for the Soul of Economics," Econ Journal Watch, Econ Journal Watch, vol. 1(3), pages 473-497, December.
    9. D. P. O'Brien, 1992. "Economists and Data," British Journal of Industrial Relations, London School of Economics, vol. 30(2), pages 253-285, June.

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