IDEAS home Printed from https://ideas.repec.org/p/wpa/wuwpgt/0112001.html
   My bibliography  Save this paper

The Economics Profession In The 21st Century: Theory Practice And Prospects

Author

Listed:
  • GODWIN C. NWAOBI

    (THE UNIVERSITY OF ABUJA)

Abstract

The new millennium economics has evolved out of neoclassical economics over the last hundred years. The pace of change has increased over time and in the first half of the 21st century, the economics profession will change as much, or more, than it did in the last half of the 20th century. These changes will occur both because of the internal tensions in the profession in the second part of the 20th century and because of technological changes that affected both the research methods of economics and the structure of higher education generally. This paper therefore argued that the prospects of the economics profession remain positive(for the decades ahead}.

Suggested Citation

  • Godwin C. Nwaobi, 2001. "The Economics Profession In The 21st Century: Theory Practice And Prospects," General Economics and Teaching 0112001, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpgt:0112001
    Note: Type of Document - Acrobat pdf; prepared on IBM PC ; to print on HP; pages: 49 ; figures: none. This paper is designed to provide insight into the future directions of the economics profession.
    as

    Download full text from publisher

    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/get/papers/0112/0112001.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Hal R. Varian, 1997. "The AEA's Electronic Publishing Plans: A Progress Report," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 95-104, Summer.
    2. Robert E. Lucas, 2000. "Some Macroeconomics for the 21st Century," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 159-168, Winter.
    3. repec:fth:harver:1470 is not listed on IDEAS
    4. Mankiw, N Gregory, 1990. "A Quick Refresher Course in Macroeconomics," Journal of Economic Literature, American Economic Association, vol. 28(4), pages 1645-1660, December.
    5. Beth Allen, 2000. "The Future of Microeconomic Theory," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 143-150, Winter.
    6. Arnold Katz & William E. Becker, 1999. "Technology and the Teaching of Economics to Undergraduates," The Journal of Economic Education, Taylor & Francis Journals, vol. 30(3), pages 194-199, January.
    7. David Colander, 2018. "The Death Of Neoclassical Economics," Chapters, in: How Economics Should Be Done, chapter 5, pages 46-62, Edward Elgar Publishing.
    8. David Colander, 2000. "New Millennium Economics: How Did It Get This Way, and What Way Is It?," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 121-132, Winter.
    9. William E. Becker, 2000. "Teaching Economics in the 21st Century," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 109-119, Winter.
    10. Lindbeck, Assar, 1985. "The Prize in Economic Science in Memory of Alfred Nobel," Journal of Economic Literature, American Economic Association, vol. 23(1), pages 37-56, March.
    11. Richard H. Thaler, 2000. "From Homo Economicus to Homo Sapiens," Journal of Economic Perspectives, American Economic Association, vol. 14(1), pages 133-141, Winter.
    Full references (including those not matched with items on IDEAS)

    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. Sheila C. Dow, 2012. "Variety of Methodological Approach in Economics," Palgrave Macmillan Books, in: Foundations for New Economic Thinking, chapter 13, pages 210-230, Palgrave Macmillan.
    2. Urban, Janina & Rommel, Florian, 2020. "German economics: Its current form and content," Working Paper Serie des Instituts für Ökonomie 56, Hochschule für Gesellschaftsgestaltung (HfGG), Institut für Ökonomie.
    3. Pessali, Huascar & Berger, Bruno, 2010. "A teoria da perspectiva e as mudanças de preferência no mainstream: um prospecto lakatoseano [Prospect theory and preference change in the mainstream of economics: a Lakatosian prospect]," MPRA Paper 26104, University Library of Munich, Germany.
    4. Eduardo Wiesner, 2008. "The Political Economy of Macroeconomic Policy Reform in Latin America," Books, Edward Elgar Publishing, number 12913.
    5. Shahi, Chander & Kant, Shashi, 2007. "An evolutionary game-theoretic approach to the strategies of community members under Joint Forest Management regime," Forest Policy and Economics, Elsevier, vol. 9(7), pages 763-775, April.
    6. Swee Liang Tan & Roy Ng, 2007. "A Hybrid Approach to Case Teaching," Working Papers 23-2007, Singapore Management University, School of Economics.
    7. Rommel, Florian & Urban, Janina, 2022. "A Survey of German Economics," VfS Annual Conference 2022 (Basel): Big Data in Economics 264131, Verein für Socialpolitik / German Economic Association.
    8. Swee-Liang Tan & Roy Ng Jin Hou, 2007. "A Hybrid Approach to Case Teaching," Development Economics Working Papers 22479, East Asian Bureau of Economic Research.
    9. Santos, Joseph M., 2002. "Peer Pressure: Refereed Journals And Empirical Research In The Undergraduate Economics Curriculum," 2002 Annual meeting, July 28-31, Long Beach, CA 19854, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    10. Adnan Haider Bukhari & Safdar Ullah Khan, 2008. "A Small Open Economy DSGE Model for Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 47(4), pages 963-1008.
    11. Bruno S. Frey & Susanne Neckermann, 2005. "Auszeichnungen: Ein Vernachl�ssigter Anreiz," IEW - Working Papers 254, Institute for Empirical Research in Economics - University of Zurich.
    12. Anne Corcos & Yorgos Rizopoulos, 2011. "Is prosocial behavior egocentric? The “invisible hand” of emotions," Post-Print halshs-01968213, HAL.
    13. Söderlind, Paul, 2009. "The C-CAPM without ex post data," Journal of Macroeconomics, Elsevier, vol. 31(4), pages 721-729, December.
    14. baaziz, yosra, 2016. "Les règles de Taylor à l’épreuve de la révolution : cas de l’Égypte [The Taylor rule to the test of the revolution: the case of Egypt]," MPRA Paper 69779, University Library of Munich, Germany.
    15. Lovric, M. & Kaymak, U. & Spronk, J., 2008. "A Conceptual Model of Investor Behavior," ERIM Report Series Research in Management ERS-2008-030-F&A, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam.
    16. Chang, Xiaochen & Guo, Songlin & Huang, Junkai, 2022. "Kidnapped mutual funds: Irrational preference of naive investors and fund incentive distortion," International Review of Financial Analysis, Elsevier, vol. 83(C).
    17. Joanna Dzionek-Kozlowska, 2013. "Ekonomia jako nauka pozytywna. Refleksje na marginesie 'Ekonomii dobra i zla' Tomasa Sedlacka/Economics as a Positive Science. Reflections after Reading Thomas Sedlacek’s 'Economics of Good and Evil’," Annales. Ethics in Economic Life, University of Lodz, Faculty of Economics and Sociology, vol. 16(1), pages 335-344, May.
    18. Marvin Goodfriend, 2004. "Monetary policy in the new neoclassical synthesis : a primer," Economic Quarterly, Federal Reserve Bank of Richmond, vol. 90(Sum), pages 21-45.
    19. Tasso Adamopoulos, 2011. "Transportation Costs, Agricultural Productivity, And Cross‐Country Income Differences," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 52(2), pages 489-521, May.
    20. Karbowski, Adam, 2019. "Analiza otoczenia instytucjonalnego systemu tworzenia wiedzy w krajach Europy Środkowej [Analysis of the institutional environment of the knowledge subsystem in Central Europe]," MPRA Paper 95570, University Library of Munich, Germany, revised 2019.

    More about this item

    Keywords

    new millennium neoclassical technological changes economics profession;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists
    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:wpa:wuwpgt:0112001. 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: EconWPA (email available below). General contact details of provider: https://econwpa.ub.uni-muenchen.de .

    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.