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Tag Archives: teaching economics

Michael Roberts Blog — Economics as a social science

There is no substitute for the ‘big picture’. Economists should not be doctors but social scientists, or more accurately they should develop an economics that recognises the wider social forces that drive economic models, in particular, the social mode of production that is capitalism. That is political economy, mostly not taught in universities and certainly not practised in international agencies.... Michael Roberts Blog — blogging from a marxist economistEconomics as a social...

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How to reform the economics Ph.D — Tyler Cowen

Along those lines, I have a modest proposal. Eliminate the economics Ph.D, period. Offer everyone three years of graduate economics education, and no more (with a clock reset allowed for pregnancy). Did Smith, Keynes, or Hayek have an economics Ph.D? This way, no one will assume you know what you are talking about, and the underlying message is that economics learning is lifelong. Adam Smith and Friedrich Hayek were philosophers, and Keynes was a mathematician. Karl Marx, who goes...

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Revisiting Education of Economics – Dr. Omer Javed

Economics and teaching economics in Pakistan. Good short summary of the history of economics. Curiously, he doesn't mention MMT or even Post Keynesianism, taking a decidedly institutional approach. MMT economists draw on Post Keynesianism and institutional economics heavily, although these are not the only influences.  Global Village SpaceRevisiting Education of Economics – Dr. Omer Javed Omer Javed, institutional political economist,who previously worked at International Monetary Fund...

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Indoctrinated by Econ 101 — John Warner

My fundamental understanding of the world has been warped by a now challenged approach. I'm not alone.… In the end, the chief byproduct of my general education exposure was a kind of indoctrination into the centrality of markets to understanding human behavior and the apparent importance of economics professors. I’m not alone. Introductory economics could be one of the most widely received credits in all of higher education. And unlike other common courses (like say, first-year writing),...

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CORE and Periphery in the Reform of Econ 101 — Peter Dorman

Peter Dorman critiques the CORE revision of Econ 101 and finds that it relies too much on rote and not enough on active learning. Rote may be more suitable for those going on in the study of economics, but most students taking Econ 101 don't. The introductory course should be designed to serve the needs of the many rather than the few.EconospeakCORE and Periphery in the Reform of Econ 101Peter Dorman | Professor of Political Economy, The Evergreen State College

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Bill Mitchell — The brainwashing of economics graduate students

I was reminded this week of an interesting studies published in 1987 by Arjo Klamer and David Colander on the influences that go into the training of a professional economist. This study was repeated by Colander in 2005. The results are rather disturbing although obviously I am an ‘insider’ in the sense I went through the process in one way or another myself (although not in a US graduate program). They demonstrate how far removed graduate students are from learning or being interested in...

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Bill Mitchell — MMT and pluralism in economics

I am recording some promotional videos in London today for Macmillan Higher Education who will publish our forthcoming textbook – Macroeconomics on March 11, 2019. These will be the first of many short videos to support the teaching program outlined in the textbook. At last Friday’s very successful launch of the – Gower Initiative for Modern Money Studies (GIMMS) – I was asked a question at the end of the first formal workshop I presented, which I was unable to answer due to time...

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William McColloch — On Sraffa and the History of Economic Thought

What should the purpose of studying the history of economic thought be? Piero Sraffa explains it.The post is short and important in the study of history of thought, not only economic thought.Sraffa's answer is consistent with Randall Collins, The Sociology of Philosophies: A Global Theory of Intellectual Change.Naked KeynesianismOn Sraffa and the History of Economic ThoughtOpening comments, "Roundtable on Sraffian Economics as Part of the Radical Political Economics Tradition," URPE 50th...

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