The Changing Face of Economics: Conversations with Cutting Edge Economists

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University of Michigan Press, Dec 28, 2004 - Business & Economics - 358 pages
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The Changing Face of Economics gives the reader a sense of the modern economics profession and how it is changing. The volume does so with a set of nine interviews with cutting edge economists, followed by interviews with two Nobel Prize winners, Paul Samuelson and Kenneth Arrow, reflecting on the changes that are occurring. What results is a clear picture of today's economics--and it is no longer standard neoclassical economics.

The interviews and commentary together demonstrate that economics is currently undergoing a fundamental shift in method and is moving away from traditional neoclassical economics into a dynamic set of new methods and approaches. These new approaches include work in behavioral economics, experimental economics, evolutionary game theory and ecological approaches, complexity and nonlinear dynamics, methodological analysis, and agent-based modeling.

David E. Colander is Professor of Economics, Middlebury College.

J. Barkley Rosser, Jr., is Professor of Economics and Kirby L. Kramer Jr. Professor of Business Administration, James Madison University.

Richard P. F. Holt is Professor of Churchill Honors and Economics, Southern Oregon University.




 

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Contents

Introduction
1
1 Deirdre McCloskey
27
2 Kenneth G Binmore
49
3 Herbert Gintis
77
4 Robert H Frank
107
5 Matthew Rabin
137
6 William A Buz Brock
157
7 Duncan K Foley
183
8 Richard B Norgaard
215
9 Robert Axtell and H Peyton Young
251
10 Kenneth Arrow
291
11 Paul A Samuelson
309
Bibliography
315
Index
335
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