A New Economics for the 21st Century

Neva Goodwin

MPRA Paper from University Library of Munich, Germany

Abstract: The critical role for economic theory is no longer simply to explain how the existing system works, but also to explore how the economic system can be changed to become more adaptive and resilient in the face of the challenges of the 21st century, and how it can be more directly designed to support human well-being, in the present and the future. Simultaneous changes are needed, in both the actual economy (how it functions, by what rules, how it can be made responsive to constraints) and also in economic theory.

Keywords: Contextual economics; economic theory; economic goals; bias in economic theory (search for similar items in EconPapers)
JEL-codes: B00 Z13 (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-hpe and nep-pke
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:27907

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