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European Economics at a Crossroads

European Economics at a Crossroads by J. Barkley Rosser
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As Europe moves toward an integrated academic system, European economics is changing. This book discusses that change, along with the changes that are happening simultaneously within the economics profession. The authors argue that modern economics can no longer usefully be described as 'neoclassical', but is much better described as complexity economics. The complexity approach embraces rather than assumes away the complexities of social interaction. The authors also argue that despite all the problems with previous European academic structures, those structures allowed for more diversity than exists in US universities, and thus were often ahead of US universities in exploring new cutting-edge approaches. The authors further argue that by trying to judge themselves by US-centric measures and to copy US universities, the European economics profession is undermining some of the strengths of the older system - strengths on which it should be building.
Edward Elgar Publishing; June 2010
272 pages; ISBN 9781849805544
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Title: European Economics at a Crossroads
Author: J. Barkley Rosser; Richard P.F. Holt; David Colander