Prologue: Searching for a New Kind of Economics

  • Richard A. Werner


In the 1980s and 1990s a school of thought reached the zenith of its power. Its influence had become pervasive. Having been the view of only a minority little more than 20 years earlier, this approach had succeeded in dominating its discipline at all leading universities in the world. Academics that did not adhere to it found it hard to make a career: obtaining jobs or moving up the ladder depended on publications in leading journals — which had been usurped by this particular school of thought.


Central Bank Free Market Hedge Fund Perfect Information Structural Reform 
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  1. 1.
    Roland Berger, Making Germany fit for the future, Financial Times, 8 July 2002.Google Scholar
  2. 3.
    Paul A. Samuelson, Free market key to prosperity, Daily Yomiuri, 24 June 2002.Google Scholar
  3. 17.
    Nicholas Timmins, CBI head calls for academy to teach community skills, Financial Times, 19 April 2004.Google Scholar
  4. 24.
    See, for instance, Philip Coggan, Fundamentalism explored, Financial Times, 8 April 2004. See also Martin Wolf, How managing growth can consign poverty to history, Financial Times, 5 May 2004.Google Scholar

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© Richard A. Werner 2005

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  • Richard A. Werner

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