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Economics and the Future

In: A Critical History of Economics

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  • John Mills

Abstract

During the last hundred years, some conspicuous trends in economics have become apparent. The number of economists has certainly increased vastly, and many more of them are to be found in journalism, business, finance, government and the professions, as well as in the academic world, than was ever the case in the nineteenth century. Many of the techniques used by the economics profession have become much more refined than they were, and also a great deal more sophisticated mathematically. There has been an enormous expansion in the scope and coverage of statistics. The development of computers has made it much easier than it was to handle and process large amounts of data. Yet the impact of economic ideas on the way that policy generally has developed and hence the way that history has unfolded has been remarkably patchy and uneven.

Suggested Citation

  • John Mills, 2002. "Economics and the Future," Palgrave Macmillan Books, in: A Critical History of Economics, chapter 9, pages 175-192, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-1440-8_9
    DOI: 10.1057/9781403914408_9
    as

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