On this blog I criticise mainstream economics and how it is taught in colleges a lot. In fact that’s one of my main aims with the blog. However, rather than just always criticise and say how things shouldn’t be done, today I would like to put forward a few proposals. Now to list everything that should be taken out of economics would take many, many posts, so this will be a short general overview. It should also be said that the economics curriculum is in dire need of reform (and there are encouraging signs that a growing number of people realise this). For example, my lecturers would tell me that we could buy editions of textbooks either from before or after the 2008 recession; there was no real difference between them. When the greatest crisis in decades doesn’t cause any serious review, then you know we have a problem. Continue reading “How Economics Should Be Taught”
I decided to study economics because I wanted to change the world. I wanted to improve people’s lives, particularly the poor and powerless. I wanted to find solutions to the present crisis so that the scourge of mass unemployment no longer haunts us. What I got instead was completely different. My economics textbooks did not deal with important issues like unemployment, recessions and debt. In fact, they barely mentioned them. Instead they are filled with nonsense that has more to do with pushing a free market ideology than describing how the world really works. The Economics Anti-Textbook brilliantly takes apart the mainstream textbooks and their flawed arguments. It clearly and concisely debunks the mainstream myths contained in microeconomics textbooks. It is one of the best economics book I have ever read and essential for any economics student.