Economics as a Discipline

In today's Guardian there is a story about a conference on the state of the discipline of economics being held at the Bank if England: Economics Lecturers accused of clinging to pre-crisis theories

There is nothing new about criticism of the Economics curriculum. It has been going on for over forty years. Here is the presidential address by Wassily Leontieff to the American Economic Association in 1970, "Theoretical Assumptions and Non-Observed Facts", in which he made the same points. Nothing has been done to address them. He was simply ignored.

Dennis Leech : 11 Nov 2013 18:07 |  Tags: Economics |  Comments (0) |  Report a problem