In “The Incomplete Schumpeter Stockholm School Connection” (J of Evolutionary Economics, 2015) I argue that a unique opportunity to develop a consistent evolutionary economic theory was missed because Austrian/Schumpeterian and Swedish Stockholm School economists failed to connect.
In the recent article ” Why Complex, Data Demanding and Difficult to Estimate Agent Based Models – Lessons from a Decades Long Research Program” (International J. of Microsimulation, 2018). I argue that a long overdue next step in economic theorizing is to take economy wide economic systems analysis down to the level of firm and household behavior in markets. The story is about the agent based model MOSES work on which began in late 1974. When the difficult problems of estimating the parameters of such models have been properly solved, I propose there will no further need for the separate branch of macro modeling, except as second best descriptive approximations of macro economic relationships.