How to rebuild a shamed subject

The reconstruction of economics needs to start with the universities. First, degrees in the subject should be broadly based. They should take as their motto Keynes’s dictum that “economics is a moral and not a natural science”. They should contain not just the standard courses in elementary microeconomics and macroeconomics but economic and political history, the history of economic thought, moral and political philosophy, and sociology. Though some specialisation would be allowed in the final year, the mathematical component in the weighting of the degree should be sharply reduced. This is a return to the tradition of the Oxford Politics, Philosophy and Economics (PPE) degree and Cambridge Moral Sciences.

The World Economy

On June 1 I begin teaching The World Economy, a fully online 5 week summer session class. Our primary text will be The Travels of a T-Shirt in the Global Economy.

Scott Wolla Blog

My colleague Scott Wolla has an excellent blog.

Check it out at:

http://wollablog.blogspot.com/