The authors present the current confused state of economic theory and suggest the direction in which economic thinking must move in order to regain the relevance it now lacks.

A deep and widespread crisis affects modern economic theory, a crisis that revies from the absence of a "vision"--a set of widely shared political and social preconceptions. This provocative analysis attempts both to describe this state of affairs and to suggest the direction in which economic thinking must move if it is to regain the relevance and remedial power it now pointedly lacks.