The study attempts to discuss economics as a science and, to a lesser extent, economic education at the academic level in the context of changes in the socio-economic and political environment since the beginning of the twenty-first century. Following Robert Kagan, this period was called the „return of history”, in opposition to the term „end of history” popularized by Francis Fukuyama in the 1990s. The main features of economics as a science and potential changes in the further development of economics are presented. The re-socialization of economics is particularly desirable in the sense of rethinking everything associated with economics belonging to the social sciences. Challenges related to developing economics teaching at a higher level were also indicated. It is desirable to extend the educational perspective in the education of future economists and managers. The professionalism and practicality of higher education studies in economics and management cannot be contrasted with their academic and theoretical nature.