Article
Eastern Economic Journal (2009) 35, 10–13. doi:10.1057/eej.2008.48
In Praise of Modern Economics
David Colandera
aDepartment of Economics, Middlebury College, Middlebury, VT 5753, USA. E-mail: colander@middlebury.edu
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Abstract
Modern economics deserves both praise and criticism. It has improved immensely over the past decades. It is more empirical, more open to different approaches, and uses technical tools in a much better way. It still has a long way to go.
Keywords:
neoclassical, heterodox, plurodoxy
JEL Classifications:
A10; B10
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