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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Monday, August 6, 2012

Where is economics going?

Eight of the World's top young economists discuss where is the field, economics, going. In particular, they were discussing on the biggest unanswered questions in economics and predicting what breakthroughs will define it a decade or two. A very interesting discussion to read and know the views from them. May be one doesn't need to fully believe what they said, but, at least, you can see what is the leaders in the field are thinking, which will eventually (and/or partly) lead the future of the field (if not fully). A suggested one for new economics graduate.

Link of the article.

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