Economic Science in the Future

James M. Buchanan

Eastern Economic Journal, 1992, vol. 18, issue 4, pages 401-403

Abstract: Economics in the future should embody "the welfare economics of markets" in a dynamic, nonequilibrium, evolutionary framework. This economics will include a "return to increasing returns" as a central research program. And, relatedly, the intersection between economics and ethics will necessarily assume more significance.

Keywords: Economics (search for similar items in EconPapers)
JEL-codes: A11 (search for similar items in EconPapers)
Date: 1992
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