Existing policies are difficult to change or abolish, while new ones are difficult to introduce. Any such changes cause societies transaction costs, which, up to now, have not been incorporated adequately in theory, methodology and policy advice. Most economic researchers still rely narrowly on neoclassical economics, political economy or institutional economics. Recent scientific developments make clear that basic approaches are not functioning. I illustrate this by examples, and sketch a way out via paradigm shifts. But how to introduce these shifts? Generational shift?
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