https://www.project-syndicate.org/commentary/economics-geographic-diversity-problem-by-dani-rodrik-2021-08
Although economists are finally addressing their profession's gender and racial imbalances, another key source of knowledge and insight remains absent from the discussion. Until there is a greater representation of voices from outside North America and Western Europe, economics will not be a truly global discipline.
The Changing Map of Economics
https://www.project-syndicate.org/commentary/economic-thinking-with-covid19-climate-digitalization-labor-markets-by-kaushik-basu-2021-07
https://www.economist.com/finance-and-economics/2021/06/24/economics-needs-to-evolve
Public Economics and Inequality: Uncovering Our Social Nature by Emmanuel Saez
https://eml.berkeley.edu/~saez/saez-AEAlecture.pdf
“In human societies, childcare and education for the young, retirement benefits for the old, health care for the sick, and income support for those in need are to a large extent resolved at the social level rather than the individual level. This was traditionally done informally through the community and family and is now achieved through the modern social state in advanced economies. Even though an individual solution through markets is theoretically possible, it does not work well in practice without significant institutional or government help”.
https://www.bloomberg.com/opinion/articles/2021-05-24/why-economics-is-failing-us
Tyler Cowen notes:
“Here’s the dirty little secret that few of my fellow economics professors will admit: As those “perfect” research papers have grown longer, they have also become less relevant. Fewer people — including academics — read them carefully or are influenced by them when it comes to policy.
Actual views on politics are more influenced by debates on social media, especially on such hot topics such as the minimum wage or monetary and fiscal policy
Actual views on politics are more influenced by debates on social media, especially on such hot topics such as the minimum wage or monetary and fiscal policy”.
Wise words from the winner of the 1981 Nobel Prize in Economics, James Tobin:
“… economic knowledge advances when striking real-world events and issues pose puzzles we have to try to understand and resolve. The most important decisions a scholar makes are what problems to work on. Choosing them just by looking for gaps in the literature is often not very productive and it worst divorces the literature itself from problems that provide more important and productive lines of inquiry. The best economists have taken their subjects from the world around them.”