Scholars from all over the world contributes to the rich variety of economic thinking. Twenty-first century economics will be completely different from what has been economics in the previous centuries. However, it's useful to look back at the giants of the past and the most innovative traits of their thoughts.
Richard Thaler wins the 2017 Noble Price in Economics for its works on bounded rational consumer.
In January 2014, Janet Yellen was nominated to lead the US Federal Reserve System. Here one of his works departing from neoclassical rationality and here her views of efficiency wage models of unemployment.
Ranked by votes received in a 2006 poll of 1249 subscribers to the real-world economics review (formerly known as Post-autistic economics review), promoting pluralism and empirical relevance in economics.
Who were the greatest economists of the 20th-Century?
"Greatest" here means not who most influenced the economics profession or ideology, but rather who most added to our understanding of economic phenomena.
The numbers after the name are the votes, with first choice credited with five votes, the second choice with four, the third with three, the fourth with two and the fifth with one.
These results are taken from n. 36 of the Review (24 February 2006).
Peter Diamond, Dale T. Mortensen and Christopher A. Pissarides received this year's prize.
Diamond introduction to a book on behavioural economics is here. A seminal paper by Mortensen is here, while a recent paper of him on a modifed version of the Schumpeterian theory of firm evolution and growth, leading to an empirical model of growth through product innovation is here.