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Atomic economics

WASHINGTON | By Pablo Pardo | Does anybody remember the origin of modern Economics? Yes, what did those guys—Adam Smith, John Stuart Mill—that we love to quote, try to achieve? They saw Economics just as part of a wider intellectual effort, namely philosophy or, at the very least, ethics.

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BBVA OpenMind: Frontier Research in Economics

BARCELONA | By Joan Esteban | This essay deals with trends in economic theory over the past few decades. It is unabashedly subjective and partial. It does not attempt to provide an exhaustive panoramic view of current research in economics. Rather, I have chosen to focus on some of the recent developments that have tried to relax the highly restrictive assumptions under which General Equilibrium Theory (GE) had been built over the second half of the twentieth century.