The Complexity Era in Economics



18

Other work, such as ACE modeling still has problems getting published because it
doesn’t fit well into a journal format, and it is very difficult to figure out precisely what
we are learning from these models. Similar problems exist for the craftsman approach to
econometrics discussed in Colander (2009), in which the econometrician interacts with
the data and makes judgments while doing the analysis rather than working as a
technician who is applying specific methods to data analysis. How does one judge the
judgment? These issues will be debated over the next decade, and tentative answers will
be arrived at. Once they are the true cutting edge economists will no longer be involved;
they will have moved on to other problems. And this is the way that it should be in an
ever changing, dynamic and evolving profession.



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