European Economics at a Crossroads

European Economics at a Crossroads

J. Barkley Rosser Jr, Richard P.F. Holt and David Colander

As Europe moves toward an integrated academic system, European economics is changing. This book discusses that change, along with the changes that are happening simultaneously within the economic profession. The authors argue that modern economics can no longer usefully be described as ‘neoclassical’, but is much better described as complexity economics. The complexity approach embraces rather than assumes away the complexities of social interaction.

Chapter 8: Søren Johansen and Katarina Juselius

J. Barkley Rosser Jr, Richard P.F. Holt and David Colander

Subjects: economics and finance, economics of education, methodology of economics, education, economics of education

Extract

This interview took place at Copenhagen University in October, 2005 How did you get into statistics and economics? Søren, let’s start with you. Søren: That is a long story. Both my parents were trained actuaries. When I finished high school in 1958, I knew that the actuarial study would be split into statistics and actuarial science. I decided to do statistics, which started with courses in mathematics, and later statistics. I became one of the first graduates of the program in 1964. So I guess it was basically the background of my family that made me aware of statistics and want to study it. Katarina: My background was just the opposite; I was the first one to get a university degree in my family, they were farmers. As a child I was a ‘reading horse’; at the age of 12 I had already read all the books in our local library, many of them two or three times. I just loved literature and after high school started studying literature and humanities. But I quickly realized it wasn’t really for me; you had to read huge volumes on the history of literature and learn it by heart. I wasn’t very good at memorizing and decided to study something more analytical, which was economics. One of the more influential professors in business administration had a strong influence on me and he encouraged me to continue my studies after my BSc and MSc exams. I chose to specialize in econometrics because...

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