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Economics in 2090: The Views of an Experimentalist

Plott, Charles R. (1991) Economics in 2090: The Views of an Experimentalist. Economic Journal, 101 (404). pp. 88-93. ISSN 0013-0133.

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The tone of this essay is optimistic. The rapid rate of growth of rigorous theory that has occurred in the past several decades has caused considerable concern in some quarters. The pessimist's view, which I do not share, is that this growth is symptomatic of an increasing irrelevance of economics. Pessimists see the technical discussion in the literature as representing scholarly self-indulgence that is tolerated if not promoted, by questionable journalistic editorial policies and by an academic tenure process that demands only volumes of publications. According to the pessimistic view, the next century will demand wholesale reform. My optimism results from a completely different interpretation of the circumstances as they apply.

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Additional Information:© 1991 Published by Wiley on behalf of the Royal Economic Society.
Issue or Number:404
Record Number:CaltechAUTHORS:20140303-150048955
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Official Citation:Economics in 2090: The Views of an Experimentalist Charles R. Plott The Economic Journal , Vol. 101, No. 404 (Jan., 1991) , pp. 88-93 Published by: Wiley on behalf of the Royal Economic Society Article DOI: 10.2307/2233843 Article Stable URL:
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:44106
Deposited On:04 Mar 2014 15:52
Last Modified:03 Oct 2019 06:14

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