Rebellious Economics students have a point

The myopia of modern-day economics programs leave many graduate students simply regurgitating matematical formulas and unaltered economic theories. Analytical thinking is marginalized and the incorporation of materials from other social sciences is frowned down upon. Unfortunately, “thinking outside the box” often provides the answers to many unresolved questions. A more well-rounded economist will not dilute their expertise or qualifications, but rather enhance their utility both in academia and in real life.

nostra economia

In case you missed it—and you probably did—there’s a revolt afoot in the universities. It’s not exactly Paris, 1968, but there is a significant, if small, movement, extending from New York and London to Rome and Tel Aviv, that’s determined to change the way economics is taught.Echoing complaints that have been mounting in the economics world for at least twenty years, and which became louder after the financial crisis of 2008, the student rebellion is calling for a more pluralistic and diverse approach, rejecting the textbook methodology that all too often reduces economics to a set of mathematical exercises. “The real world should be brought back into the classroom, as well as debate and a pluralism of theories and methods,” a group called the International Student Initiative for Pluralism in Economics said, in an open letter that was posted online last week. “This will help renew the discipline and ultimately…

View original post 809 more words


Leave a comment - Deja un comentario - Deixa o seu comentário

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s