Sunday 11 August 2024

"To Fix Economics, Try *Teaching* Economics"

 

"Economics education has major problems. Doctoral programmes are churning out applied mathematicians and statisticians with little to no knowledge of price theory. At the undergraduate level, social control ('market failure!') and activism ('inequality!') have replaced careful reasoning about markets and politics. Very few programmes instil in students an appreciation for the power and universality of the economic way of thinking."
~ Alexander Salter from his article 'To Fix Economics, Try Teaching Economics'

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