Open AccessThe Future of Microeconomic Theory
Author(s) -
Beth Allen
Publication year - 2000
Publication title -
the journal of economic perspectives/the journal of economic perspectives
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 9.614
H-Index - 196
eISSN - 1944-7965
pISSN - 0895-3309
DOI - 10.1257/jep.14.1.143
Subject(s) - economics , positive economics , game theory , work (physics) , neoclassical economics , management science , microeconomics , engineering , mechanical engineering
The question of what constitutes good economic theory is analyzed. Current good and bad aspects of its methodologies are discussed. Interdisciplinary work that goes beyond the social sciences is advocated. The future predictions are presented concerning research in game theory and the economics of information. Finally, the importance of technology and the need for microeconomists to understand it better are argued.