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Applied Policy, Welfare Economics, and Mill’s Half-Truths

In: The Elgar Companion to Recent Economic Methodology

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  • David Colander

Abstract

Bringing together a collection of leading contributors to this new methodological thinking, the authors explain how it differs from the past and point towards further concerns and future issues. The recent research programs explored include behavioral and experimental economics, neuroeconomics, new welfare theory, happiness and subjective well-being research, geographical economics, complexity and computational economics, agent-based modeling, evolutionary thinking, macroeconomics and Keynesianism after the crisis, and new thinking about the status of the economics profession and the role of the media in economics.

Suggested Citation

  • David Colander, 2011. "Applied Policy, Welfare Economics, and Mill’s Half-Truths," Chapters, in: John B. Davis & D. Wade Hands (ed.), The Elgar Companion to Recent Economic Methodology, chapter 8, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:13684_8
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    References listed on IDEAS

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    1. Colander, David, 2009. "What Was “It” That Robbins Was Defining?," Journal of the History of Economic Thought, Cambridge University Press, vol. 31(4), pages 437-448, December.
    2. V. V. Chari & Patrick J. Kehoe, 2006. "Modern Macroeconomics in Practice: How Theory Is Shaping Policy," Journal of Economic Perspectives, American Economic Association, vol. 20(4), pages 3-28, Fall.
    3. Abram Bergson, 1954. "On the Concept of Social Welfare," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 68(2), pages 233-252.
    4. Colander, David & Rothschild, Casey, 2010. "Sins of the Sons of Samuelson: Vision, pedagogy, and the zig-zag windings of complex dynamics," Journal of Economic Behavior & Organization, Elsevier, vol. 74(3), pages 277-290, June.
    5. Robbins, Lionel [Lord], 1981. "Economics and Political Economy," American Economic Review, American Economic Association, vol. 71(2), pages 1-10, May.
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