Another ‘Samuelson, 1948’ moment? Evidence from machine learning

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Wed 25th March 2020 | Press

About seventy years ago, Paul Samuelson urged economists to focus their attention on the “really interesting and vital problems of overall economic policy”. Today, a similar call might be needed. By using topic modelling, Wendy Carlin and Samuel Bowles find that concepts empowering economists to address today’s major challenges – climate change, inequality and the future of work and of property rights in the knowledge-based economy – are missing from leading textbooks.