The New Pragmatism, or economics and policy for the future

Grzegorz W. Kolodko ()
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Grzegorz W. Kolodko: Kozminski University Transformation, Integration and Globalization Economic Research (TIGER), Warsaw, Poland

Acta Oeconomica, 2014, vol. 64, issue 2, 139-160

Abstract: Economics is not only a means of interpreting the past, but it must become an instrument for shaping the future, too. It should show inevitable future economic processes, with their links to culture, technology, and environment. With theoretical knowledge of this area, strategies of economically, socially, and environmentally sustainable development can be put in place. In the future, heterodoxy is bound to dominate, and economics will become increasingly interdisciplinary. Future generations need economics of moderation and a theory describing it, as opposed to the thus far prevailing economics of either deficiency or excess. We need the New Pragmatism.

Keywords: future; institutions; growth; development; world; globalisation strategy; economic policy; Normative Economics (search for similar items in EconPapers)
JEL-codes: A11 A13 F02 F55 H12 K00 O10 O43 P16 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (5)

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