Abstract

The article reviews the contributions of J. Barkley Rosser, Jr. and David Colander to modern economics. Rosser and Colander’s work has significantly influenced modern economics, particularly in promoting complexity economics and supporting cutting-edge research in economics. They saw modern economics entering a new era where cutting-edge work was replacing neoclassical economics with new inductive, empirical, interdisciplinary, and complex methods such as evolutionary game theory, behavioral economics, complexity economics, agent-based computational analysis, and experimental economics. Their many contributions have paved the way for new research areas that challenge the traditional neoclassical framework and redefine the meaning of modern economics.