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Ekonomie budoucnosti: čtyři možné scénáře
[The Future of Economics: Four Possible Scenarios]

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  • Lukáš Kovanda

Abstract

Already during the financial crisis from 2007 through 2009, a growing number of scholars, laymen or media outlets blamed economics as such, at least partially, for the turmoil and subsequent economic malaise. Therefore, the debate concerning future long-term development of economics - or, more precisely, prevailing economic theory - has been intensifying. The following text outlines four possible scenarios - synthetic, evolutionary, reactionary, and revolutionary - of such a development. Each scenario is connected with a methodologist of economics or a methodologist of science, who represent it, for it is right the domain of methodology or/and philosophy of science wherein it is necessary to look for an ideological background belonging to different research traditions in economics as well as for an understanding of determining stances and worldviews of the traditions' proponents.

Suggested Citation

  • Lukáš Kovanda, 2011. "Ekonomie budoucnosti: čtyři možné scénáře [The Future of Economics: Four Possible Scenarios]," Politická ekonomie, Prague University of Economics and Business, vol. 2011(6), pages 743-758.
    • Handle: RePEc:prg:jnlpol:v:2011:y:2011:i:6:id:819:p:743-758
    DOI: 10.18267/j.polek.819
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    References listed on IDEAS

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    More about this item

    Keywords

    methodology of economics; heterodoxy; orthodoxy; mainstream; modernism; postmodernism; future of economics;
    All these keywords.

    JEL classification:

    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other
    • B30 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - General
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General

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