Move Towards New Economics-Issues and Perspectives

Abstract

Economics is an Evolutionary Discipline which witness more ups and downs in the last 200 years. Economics as a discipline is established and promoted lot of theoretical formulations which was amended periodically according to the changing realities and challenges. This is the subject which perpetually provides different templates for the policy makers and through which a sort of governance model or economic order was fixed. This paper attempts to delve the pitfalls of conventional economics, damages it caused, the need for new economics and the thrust areas of new economics.