Journal of Economic Perspectives: Vol. 14 No. 1 (Winter 2000)

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The Future of Microeconomic Theory

Article Citation

Allen, Beth. 2000. "The Future of Microeconomic Theory." Journal of Economic Perspectives, 14(1): 143-150.

DOI: 10.1257/jep.14.1.143

Abstract

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.

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Authors

Allen, Beth (U MN and Federal Reserve Bank of Minneapolis)

JEL Classifications

D00: Microeconomics: General
A11: Role of Economics; Role of Economists

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