IDEAS home Printed from https://ideas.repec.org/a/eej/eeconj/v18y1992i4p401-403.html
   My bibliography  Save this article

Economic Science in the Future

Author

Listed:
  • James M. Buchanan

    (George Mason University)

Abstract

Economics in the future should embody "the welfare economics of markets" in a dynamic, nonequilibrium, evolutionary framework. This economics will include a "return to increasing returns" as a central research program. And, relatedly, the intersection between economics and ethics will necessarily assume more significance.

Suggested Citation

  • James M. Buchanan, 1992. "Economic Science in the Future," Eastern Economic Journal, Eastern Economic Association, vol. 18(4), pages 401-403, Fall.
    • Handle: RePEc:eej:eeconj:v:18:y:1992:i:4:p:401-403
    as

    Download full text from publisher

    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume18/V18N4P401_403.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Buchanan, James M. & Vanberg, Viktor J., 1991. "The Market as a Creative Process," Economics and Philosophy, Cambridge University Press, vol. 7(2), pages 167-186, October.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Daniel Arce M. & L. Gunn, 2005. "Working Well with Others: The Evolution of Teamwork and Ethics," Public Choice, Springer, vol. 123(1), pages 115-131, April.
    2. vranceanu, radu, 2007. "The moral layer of contemporary economics: A virtue-ethics perspective," ESSEC Working Papers DR 07006, ESSEC Research Center, ESSEC Business School.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. François Facchini, 2005. "L'ordre de marché comme croyance," Post-Print hal-00433088, HAL.
    2. Fiori Stefano, 2005. "The emergence of instructions : some open problems in Hayek's theory," CESMEP Working Papers 200504, University of Turin.
    3. Melle Marco C., 2014. "Eine europäische Bemessungsgrundlage für die Körperschaftsteuer? Konzeption und ordnungsökonomische Analyse / Conceptual design and constitutional economics analysis of a European tax base for corpora," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 65(1), pages 133-156, January.
    4. Vihanto Martti, 1993. "Social Contract, Natural Law and Spontaneous Evolution: An Austrian Perspective," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 4(1), pages 65-92, March.
    5. Budzinski, Oliver, 2002. "Ecological Tax Reform and Unemployment," Hannover Economic Papers (HEP) dp-251, Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät.
    6. Niklas Elert & Magnus Henrekson, 2019. "The collaborative innovation bloc: A new mission for Austrian economics," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 32(4), pages 295-320, December.
    7. Mark Pennington, 2003. "Hayekian Political Economy and the Limits of Deliberative Democracy," Political Studies, Political Studies Association, vol. 51(4), pages 722-739, December.
    8. Silvia Sacchetti, 2015. "Inclusive and Exclusive Social Preferences: A Deweyan Framework to Explain Governance Heterogeneity," Journal of Business Ethics, Springer, vol. 126(3), pages 473-485, February.
    9. Karen I. Vaughn, 2014. "Buchanan as Subjectivist," Southern Economic Journal, John Wiley & Sons, vol. 80(4), pages 918-925, April.
    10. Marek Hudik, 0. "Equilibrium as compatibility of plans," Theory and Decision, Springer, vol. 0, pages 1-20.
    11. Elert, Niklas & Henrekson, Magnus, 2021. "Innovative Entrepreneurship as a Collaborative Effort: An Institutional Framework," Foundations and Trends(R) in Entrepreneurship, now publishers, vol. 17(4), pages 330-435, June.
    12. Dew, Nicholas & Read, Stuart & Sarasvathy, Saras D. & Wiltbank, Robert, 2008. "Outlines of a behavioral theory of the entrepreneurial firm," Journal of Economic Behavior & Organization, Elsevier, vol. 66(1), pages 37-59, April.
    13. Karen Vaughn, 1999. "Hayek's Implicit Economics: Rules and the Problem of Order," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 11(1), pages 129-144, January.
    14. Nicholas Dew & Saras Sarasvathy, 2007. "Innovations, Stakeholders & Entrepreneurship," Journal of Business Ethics, Springer, vol. 74(3), pages 267-283, September.
    15. Cai, Meina & Caskey, Gregory W. & Cowen, Nick & Murtazashvili, Ilia & Murtazashvili, Jennifer Brick & Salahodjaev, Raufhon, 2022. "Individualism, economic freedom, and charitable giving," Journal of Economic Behavior & Organization, Elsevier, vol. 200(C), pages 868-884.
    16. Trubnikov, Dmitrii, 2021. "What entrepreneurship is really “productive”? An alternative view on Baumol's typology," Journal of Business Venturing Insights, Elsevier, vol. 16(C).
    17. Darcy W E Allen, 2020. "When Entrepreneurs Meet:The Collective Governance of New Ideas," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number q0269, September.
    18. Darcy W.E. Allen, 2019. "Governing the entrepreneurial discovery of blockchain applications," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing Limited, vol. 9(2), pages 194-212, October.
    19. Ligang Song & Chérie Simpson, 2018. "Linking “adaptive efficiency” with the basic market functions: A new analytical perspective for institution and policy analysis," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 5(3), pages 544-557, September.
    20. Marco, Passarella & Hervé, Baron, 2010. "Concorrenza senza equilibrio. La "scoperta imprenditoriale" nella Teoria Economica Austriaca [Competition without equilibrium. The 'entrepreneurial discovery' in Austrian Economic Theory]," MPRA Paper 28505, University Library of Munich, Germany.

    More about this item

    Keywords

    Economics;

    JEL classification:

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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:18:y:1992:i:4:p:401-403. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Victor Matheson, College of the Holy Cross (email available below). General contact details of provider: https://edirc.repec.org/data/eeaa1ea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.