I speculate that two things will become more important in - TopicsExpress

I speculate that two things will become more important in Economics than they are now: 1.Language. As we realise that humans actions are complex, multi-layered, nuanced, language as a tool will increasingly aid formal mathematical language 2. Computations: High speed computing is now allowing us to bootstrap, simulate and what not. We need to now rely less on formal theoretical results ( for example distributions of various sample estimates) than we did in the past, like our reliance on the asymptotic central limit theorem to motivate the distribution of estimators based on moderate sized data.

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