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| Tekijä: | Buchanan, J. M. |
| Otsikko: | Economics in the post-socialist century |
| Lehti: | Economic Journal
1991 : JAN, VOL. 101:404, p. 15-21 |
| Asiasana: | ECONOMICS ECONOMIC SYSTEMS ECONOMIC HISTORY ECONOMISTS POLITICAL ECONOMY FUTURE |
| Kieli: | eng |
| Tiivistelmä: | It is argued that the post-socialist century will be marked by a convergence of scientific understanding among those who profess to be economists. It is followed by the preview of the possible re-evaluative enterprise that may take place in ensuring decades and introduces the suggestion that in such an enterprise methodological transformation may be accomplished. The convergence of understanding will also modify the relevance of the positive-normative distinction familiar in this century. Toward a revised normative focus on institutional constraints is considered: the emergence of "constitutional political economy" is foreseen next. It is suggested that "constitutional economics" will command increasing attention in the upcoming century. |
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