Introduction
Economics has been evolving rapidly in the recent decades. New subdisciplines have emerged, such as experimental economics, behavioural economics, and mechanism design. Policy stances have changed, such as in central banking, and substantial analysis has been provided with respect to pressing issues, such as economic inequality. Yet many observers believe that modern economics needs radical renewal. How can this be explained? One point undoubtedly is the continued association of economics with the age of so-called neoliberalism, which attributed a dominant role to the discipline in terms of formulating policies with far-reaching societal impact, such as the privatisation of certain public services. ...
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