The interesting feature of teaching and studying economics is that the syllabus evolves over time. For example, there was a time when the crucial issue in economics was the debate between Monetarists and Keynesians or the debate between privatisation and state ownership. However, looking into the future these debates will become increasingly peripheral as people look to more relavant issues, such as the environment.
A key issue for economics will be the impact of economic activity on the environment. Is growth compatible with environmental sustainability? How relevant is neo classical theory of the firm given that it ignores questions of environmental sustainability.
In the past Keynesians and Monetarists, Socialists and Free market economics would disagree about the best way to increase and distribute output. But, now the issue could be completely different. Future questions in economics could involve: Should we try to increase growth at all? What should the role of the government be in avoiding environmental catastrophe?
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1 comment so far ↓
I supposed to make economy with correlated with environmental issues. In the general wold that full wih the polution becausse of the industry effect, we must found the way to illiminate . when the industry growth up the environmental must keep from destruction too. How we can make it true. As a teacher we have a social attraction to keep our nature from the damage that will happend in the future. How the teories can do?
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