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As Professor Ischboldin looks back, after decades of creative work, reflecting on his accomplishments and surveying the landscape of economics, I suspect he feels that his optimistic approach to economics was, after all, justified. Of course, a genetic economist is supposed to be always optimistic, even when the tide is running against him. And since the end of World War II the general trend has not always been too favourable for genetic economists. In the wake of the last revolution in our dismal science a regime of formalism was firmly established and cold technical elegance became the characteristic of the professional élite. Their mathematical sophistication, however, was not enough to prevent a crisis of major proportions, and, as we can witness these days, the forces of criticism cannot any longer be disregarded.