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Thursday, January 31, 2008

The Crisis in Economics

A book review I never got to use:

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In June of 2000 a group of French university students published a petition protesting the narrow scope of the economics they were being taught, calling for educators to adopt a more “pluralist” approach to the subject. This book consists of nine documents or “manifestos," including the original petition, forming the basis of the “post-autistic economics” movements, as well as 43 brief essays by prominent academics discussing the movement. As it is impossible to do justice to such a diverse body of material in a brief review such as this one, I will simply draw attention to particular highlights and general themes in the book.
The four bullet points of the student's petition are:
1. We wish to escape from imaginary worlds!
2. We oppose the uncontrolled use of mathematics!
3. We are for a pluralism of approaches to economics!
4. Call to teachers to wake up before it is too late!
(Yes, each item really ends in an exclamation point.)

Read the rest.

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