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A Renaissance in Economics by Simon Mee

In academia, economics, North America, social sciences, universities on June 6, 2013 at 20:23

From: A Renaissance in Economics by Simon Mee, Adbusters, https://www.adbusters.org

For, in its current form, the economics curriculum at Oxford and other Anglo-Saxon universities is far too detached from reality. Demand curves, utility maximization equations and abstract mathematical models serve only to distort the worldview of undergraduate students.

Why does this matter? It is simple. Oxford in particular has a firm grip on the British establishment. These bright young things will soon be entering the top echelons of corporate, finance and government circles. And as soon as they step into those offices, the same tired way of thinking about economics will perpetuate.

Oxford University has a proud history. Look at the origins of Politics, Philosophy and Economics (PPE), for instance, a course that schooled generations of leading politicians. The course traces its origins back to 1920, a time when economics was studied closely alongside its two brothers, politics and philosophy. Now, however, PPE students study the subject in complete isolation. There is little, if any, overlap with its erstwhile siblings.

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Reposted with permission from: Adbusters

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