Abstract

https://ssrn.com/abstract=1696108
 
 

Citations (2)



 


 



The Evolution of Economics: Where We are and How We Got Here


Peter J. Boettke


George Mason University - Department of Economics

Peter T. Leeson


George Mason University - Department of Economics

Daniel J. Smith


Troy University

2008

Long Term View, Vol. 7 No. 1, 2008

Abstract:     
This paper suggests that contemporary economics is characterized by three key features. First, it is focused on "big questions" in political economy and is willing to look outside economics to search for these questions and their answers. Second, contemporary economics is empirically focused. "Grand theory" has taken a back seat to empirical explorations of institutions in particular. Third, modern economics has been dramatically influenced by "freakonomics" - the application of economic principles to unusual and unorthodox topics - and is increasingly directed at a popular lay audience. We argue that these particular areas of modern economics’ evolution are not unrelated. The development of each key feature is connected to the others.

Number of Pages in PDF File: 9

Keywords: Evolution of Economics, Economic Methodology, History of Economic Thought

JEL Classification: B41, B52, N01


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Date posted: October 23, 2010 ; Last revised: February 27, 2012

Suggested Citation

Boettke, Peter J. and Leeson, Peter T. and Smith, Daniel J., The Evolution of Economics: Where We are and How We Got Here (2008). Long Term View, Vol. 7 No. 1, 2008. Available at SSRN: https://ssrn.com/abstract=1696108

Contact Information

Peter J. Boettke (Contact Author)
George Mason University - Department of Economics ( email )
4400 University Drive
Fairfax, VA 22030
United States
703-993-1149 (Phone)
703-993-1133 (Fax)
Peter T. Leeson
George Mason University - Department of Economics ( email )
4400 University Drive
Fairfax, VA 22030
United States
HOME PAGE: http://www.peterleeson.com
Daniel J. Smith
Troy University ( email )
Bibb Graves Hall 137F
Troy, AL 36082
United States
334-808-6485 (Phone)
HOME PAGE: http://www.danieljosephsmith.com/
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