On current state of economics: Subjective semi-sociological observations

Kapelyushnikov Rostislav
On current state of economics: Subjective semi-sociological observations

Publication Type:
Articles in Journals

ISSN 0042-8736

The paper analyses recent sociological and epistemological trends in the evolution of economics as a scientific enterprise and as a social institution and tries to evaluate its current state and further perspectives. It concludes that now there is neither triumph nor crisis in modern economic science. Rather, economics is in an ordinary working state though not very promising since the period of big theoretical ideas seems to be over for it, since new atheoretical tendency in it is becoming stronger, and since it would become more and more interventionistic in the nearest future.

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