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RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society and the classroom. Through a mixture of campaigning, events and engaging projects, Rethinking Economics connects people globally to discuss and enact the change needed for the future of economics, and to propel the vital debate on what economics RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Pluralism is a beautiful concept. It is inclusive and appeals to our values of democracy, open-mindedness and critical-thinking. It does not reject modern economics, it rather suggests that this is but part of the story. It frees us from both scepticism (nothing goes) and relativism (anything goes). Instead, with pluralism there are manyright approaches,
RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS Economic sociology is an area where the ratio of ‘economists who know about it’ to ‘economists who should know about it’ approaches zero with every new graduate, and if it weren’t for the internet I would be in the former category. Economic sociology is an entire subfield and one could write a series on it, RETHINKING ECONOMICS by Rethinking Economics Oxford’s Max Schroder “Correlation does not imply causation” must be the most routinely thrown-around phraseology in all of economics. Its meaning: even a systematic co-occurrence (correlation) between two (or more) observed phenomena does not grant conclusive grounds for assuming that there exists a causal relationship between these phenomena. The truth of the RETHINKING ECONOMICS Why Reform the Curriculum. Over the last 30 years, economics education has become increasingly narrow and detached from the real world. Lectures teach one perspective as if it is the only legitimate way to study the economy; seminars ask students to memorise and regurgitate academic theory; whilst exams award those able to solve abstract RETHINKING ECONOMICS FOR AFRICA @ WITS Rethinking Economics for Africa (REFA) at WITS is an organisation of students at WITS University, building a better economics in society and the classroom. Through a mix of campaigning, events and engaging projects, REFA connects people to discuss and enact the change neededfor the future of
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society and the classroom. Through a mixture of campaigning, events and engaging projects, Rethinking Economics connects people globally to discuss and enact the change needed for the future of economics, and to propel the vital debate on what economics RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Pluralism is a beautiful concept. It is inclusive and appeals to our values of democracy, open-mindedness and critical-thinking. It does not reject modern economics, it rather suggests that this is but part of the story. It frees us from both scepticism (nothing goes) and relativism (anything goes). Instead, with pluralism there are manyright approaches,
RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS Economic sociology is an area where the ratio of ‘economists who know about it’ to ‘economists who should know about it’ approaches zero with every new graduate, and if it weren’t for the internet I would be in the former category. Economic sociology is an entire subfield and one could write a series on it, RETHINKING ECONOMICS by Rethinking Economics Oxford’s Max Schroder “Correlation does not imply causation” must be the most routinely thrown-around phraseology in all of economics. Its meaning: even a systematic co-occurrence (correlation) between two (or more) observed phenomena does not grant conclusive grounds for assuming that there exists a causal relationship between these phenomena. The truth of the RETHINKING ECONOMICS Why Reform the Curriculum. Over the last 30 years, economics education has become increasingly narrow and detached from the real world. Lectures teach one perspective as if it is the only legitimate way to study the economy; seminars ask students to memorise and regurgitate academic theory; whilst exams award those able to solve abstract RETHINKING ECONOMICS FOR AFRICA @ WITS Rethinking Economics for Africa (REFA) at WITS is an organisation of students at WITS University, building a better economics in society and the classroom. Through a mix of campaigning, events and engaging projects, REFA connects people to discuss and enact the change neededfor the future of
RETHINKING ECONOMICS Why Rethink Economics. Economics in universities is narrow, uncritical and detached from the real world. It is dogmatically taught from one perspective as if it is the only legitimate way to study the economy. There is no room for the critical discussion and debate that is essential for any student to engage with real world economic problems. RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS General enquiries: info@rethinkeconomics.org For communications queries or to submit an article to our journal contact: communications@rethinkeconomics.org For interviews and press queries contact: press@rethinkeconomics.org For Rethinking campaigns information contact: campaigns@rethinkeconomics.org For operations, admin and finance inquiries contact: finance.staff@rethinkeconomics.org RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS An eminent contemporary economist, Kate Raworth gives us a sweeter view on the subject in her new book, Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist. Throw away the old. Long-standing economic theory focused on growth, efficiency and profits. Initially, prosperity was linked to peace, and the richer a country was, the RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS IS HIRING AN ECONOMISTS FOR FUTURE Economists for Future Organiser This is your chance to join an amazing initiative that works to reform how the economics discipline considers issues related to the environment, sustainability and diversity. We are excited to launch our search for an Economists for Future Organiser, to help drive forward the E4F core team. The successfulcandidate will
RETHINKING ECONOMICS Michael Kalecki famously remarked “I have found out what economics is; it is the science of confusing stocks with flows”. Stock-Flow Consistent (SFC) models were developed precisely to address this kind of confusion. The basic intuition of SFC models is that the economy is built up as a set of intersecting balance sheets, where transactions RETHINKING ECONOMICS Rethinking Economics Indonesia. Rethinking Economics Indonesia is a student-led community with the main objective to diversify economics education for searching for ways to deal with the complex problems of today’s planet. Our short-term aim is to give students awareness of economics through collaborative events and campaigns. RETHINKING ECONOMICS Expanding Economics McGill. Our end goal is to establish a formal lobby at McGill to advocate for the integration of more pluralism in the University’s economics programs. Along the way, we hope to engage students’ interests in non-orthodox approaches to studying economics through social media, campus events and word of mouth. Mostof our
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society and the classroom. Through a mixture of campaigning, events and engaging projects, Rethinking Economics connects people globally to discuss and enact the change needed for the future of economics, and to propel the vital debate on what economics RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS Pluralism is a beautiful concept. It is inclusive and appeals to our values of democracy, open-mindedness and critical-thinking. It does not reject modern economics, it rather suggests that this is but part of the story. It frees us from both scepticism (nothing goes) and relativism (anything goes). Instead, with pluralism there are manyright approaches,
RETHINKING ECONOMICS by Rethinking Economics Oxford’s Max Schroder “Correlation does not imply causation” must be the most routinely thrown-around phraseology in all of economics. Its meaning: even a systematic co-occurrence (correlation) between two (or more) observed phenomena does not grant conclusive grounds for assuming that there exists a causal relationship between these phenomena. The truth of the RETHINKING ECONOMICS FOR AFRICA @ WITS Rethinking Economics for Africa (REFA) at WITS is an organisation of students at WITS University, building a better economics in society and the classroom. Through a mix of campaigning, events and engaging projects, REFA connects people to discuss and enact the change neededfor the future of
RETHINKING ECONOMICS Jason Hickel, The Divide: A Brief Guide to Global Inequality and its Solutions (William Heinemann, 2017) Jason Hickel’s The Divide is an ambitious work that directly challenges the existing orthodoxy on the roots of global inequality. Accessible to the general public and stimulating to an academic audience, the text sets out a full-throatedassault of
RETHINKING ECONOMICS Why Reform the Curriculum. Over the last 30 years, economics education has become increasingly narrow and detached from the real world. Lectures teach one perspective as if it is the only legitimate way to study the economy; seminars ask students to memorise and regurgitate academic theory; whilst exams award those able to solve abstract RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society and the classroom. Through a mixture of campaigning, events and engaging projects, Rethinking Economics connects people globally to discuss and enact the change needed for the future of economics, and to propel the vital debate on what economics RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS Pluralism is a beautiful concept. It is inclusive and appeals to our values of democracy, open-mindedness and critical-thinking. It does not reject modern economics, it rather suggests that this is but part of the story. It frees us from both scepticism (nothing goes) and relativism (anything goes). Instead, with pluralism there are manyright approaches,
RETHINKING ECONOMICS An eminent contemporary economist, Kate Raworth gives us a sweeter view on the subject in her new book, Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist. Throw away the old. Long-standing economic theory focused on growth, efficiency and profits. Initially, prosperity was linked to peace, and the richer a country was, the RETHINKING ECONOMICS by Rethinking Economics Oxford’s Max Schroder “Correlation does not imply causation” must be the most routinely thrown-around phraseology in all of economics. Its meaning: even a systematic co-occurrence (correlation) between two (or more) observed phenomena does not grant conclusive grounds for assuming that there exists a causal relationship between these phenomena. The truth of the RETHINKING ECONOMICS FOR AFRICA @ WITS Rethinking Economics for Africa (REFA) at WITS is an organisation of students at WITS University, building a better economics in society and the classroom. Through a mix of campaigning, events and engaging projects, REFA connects people to discuss and enact the change neededfor the future of
RETHINKING ECONOMICS Jason Hickel, The Divide: A Brief Guide to Global Inequality and its Solutions (William Heinemann, 2017) Jason Hickel’s The Divide is an ambitious work that directly challenges the existing orthodoxy on the roots of global inequality. Accessible to the general public and stimulating to an academic audience, the text sets out a full-throatedassault of
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society and the classroom. Through a mixture of campaigning, events and engaging projects, Rethinking Economics connects people globally to discuss and enact the change needed for the future of economics, and to propel the RETHINKING ECONOMICS Why Rethink Economics. Economics in universities is narrow, uncritical and detached from the real world. It is dogmatically taught from one perspective as if it is the only legitimate way to study the economy. There is no room for the critical discussion and debate that is essential for any student to engage with real world economic problems. RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS An eminent contemporary economist, Kate Raworth gives us a sweeter view on the subject in her new book, Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist. Throw away the old. Long-standing economic theory focused on growth, efficiency and profits. Initially, prosperity was linked to peace, and the richer a country was, the RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS The notion that the demand and supply side are independent is a key feature of textbook undergraduate economics and of modern macroeconomic models. Economic output is thought to be constrained by the productive capabilities of the economy – the ‘supply-side’ – through technology, demographics and capital investment. In the short run a boost in demand RETHINKING ECONOMICS Michael Kalecki famously remarked “I have found out what economics is; it is the science of confusing stocks with flows”. Stock-Flow Consistent (SFC) models were developed precisely to address this kind of confusion. The basic intuition of SFC models is that the economy is built up as a set of intersecting balance sheets, where transactions RETHINKING ECONOMICS Jorge Rosales is a member of De America Soy. In this blog, he writes about the implications that Universal Basic Income could have on Chile. The blog is in English and Spanish. __ The inequality in Chile is significant. While the richest 1% in Chile accumulates 33% of RETHINKING ECONOMICS An eminent Sydney political economist, Dr Jones will take us on a fascinating journey through the vagaries of the Australian finance sector and the recent Banking Royal Commission. Everyone is welcome to attend! Dr Jones has been a keen observer of Australian banks and their practices over many years. He has closely monitored theAustralian
WHY FEMINIST ECONOMICS IS NECESSARY, PART 1: UNPAID LABOUR As of 2016 their estimated value to the UK economy is a not-to-be-sniffed at £1.24 trillion, or 63% of GDP, as shown by Figure 1. Although the UK data have too short a time frame to draw many conclusions, studies from the USA go back much further and they show that unpaid labour affects our interpretation of growth ininteresting ways.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society and the classroom. Through a mixture of campaigning, events and engaging projects, Rethinking Economics connects people globally to discuss and enact the change needed for the future of economics, and to propel the vital debate on what economics RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS Pluralism is a beautiful concept. It is inclusive and appeals to our values of democracy, open-mindedness and critical-thinking. It does not reject modern economics, it rather suggests that this is but part of the story. It frees us from both scepticism (nothing goes) and relativism (anything goes). Instead, with pluralism there are manyright approaches,
RETHINKING ECONOMICS by Rethinking Economics Oxford’s Max Schroder “Correlation does not imply causation” must be the most routinely thrown-around phraseology in all of economics. Its meaning: even a systematic co-occurrence (correlation) between two (or more) observed phenomena does not grant conclusive grounds for assuming that there exists a causal relationship between these phenomena. The truth of the RETHINKING ECONOMICS FOR AFRICA @ WITS Rethinking Economics for Africa (REFA) at WITS is an organisation of students at WITS University, building a better economics in society and the classroom. Through a mix of campaigning, events and engaging projects, REFA connects people to discuss and enact the change neededfor the future of
RETHINKING ECONOMICS Jason Hickel, The Divide: A Brief Guide to Global Inequality and its Solutions (William Heinemann, 2017) Jason Hickel’s The Divide is an ambitious work that directly challenges the existing orthodoxy on the roots of global inequality. Accessible to the general public and stimulating to an academic audience, the text sets out a full-throatedassault of
RETHINKING ECONOMICS Why Reform the Curriculum. Over the last 30 years, economics education has become increasingly narrow and detached from the real world. Lectures teach one perspective as if it is the only legitimate way to study the economy; seminars ask students to memorise and regurgitate academic theory; whilst exams award those able to solve abstract RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society and the classroom. Through a mixture of campaigning, events and engaging projects, Rethinking Economics connects people globally to discuss and enact the change needed for the future of economics, and to propel the vital debate on what economics RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS Pluralism is a beautiful concept. It is inclusive and appeals to our values of democracy, open-mindedness and critical-thinking. It does not reject modern economics, it rather suggests that this is but part of the story. It frees us from both scepticism (nothing goes) and relativism (anything goes). Instead, with pluralism there are manyright approaches,
RETHINKING ECONOMICS by Rethinking Economics Oxford’s Max Schroder “Correlation does not imply causation” must be the most routinely thrown-around phraseology in all of economics. Its meaning: even a systematic co-occurrence (correlation) between two (or more) observed phenomena does not grant conclusive grounds for assuming that there exists a causal relationship between these phenomena. The truth of the RETHINKING ECONOMICS FOR AFRICA @ WITS Rethinking Economics for Africa (REFA) at WITS is an organisation of students at WITS University, building a better economics in society and the classroom. Through a mix of campaigning, events and engaging projects, REFA connects people to discuss and enact the change neededfor the future of
RETHINKING ECONOMICS Jason Hickel, The Divide: A Brief Guide to Global Inequality and its Solutions (William Heinemann, 2017) Jason Hickel’s The Divide is an ambitious work that directly challenges the existing orthodoxy on the roots of global inequality. Accessible to the general public and stimulating to an academic audience, the text sets out a full-throatedassault of
RETHINKING ECONOMICS Why Reform the Curriculum. Over the last 30 years, economics education has become increasingly narrow and detached from the real world. Lectures teach one perspective as if it is the only legitimate way to study the economy; seminars ask students to memorise and regurgitate academic theory; whilst exams award those able to solve abstract RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society and the classroom. Through a mixture of campaigning, events and engaging projects, Rethinking Economics connects people globally to discuss and enact the change needed for the future of economics, and to propel the RETHINKING ECONOMICS Why Rethink Economics. Economics in universities is narrow, uncritical and detached from the real world. It is dogmatically taught from one perspective as if it is the only legitimate way to study the economy. There is no room for the critical discussion and debate that is essential for any student to engage with real world economic problems. RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS An eminent contemporary economist, Kate Raworth gives us a sweeter view on the subject in her new book, Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist. Throw away the old. Long-standing economic theory focused on growth, efficiency and profits. Initially, prosperity was linked to peace, and the richer a country was, the RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS The notion that the demand and supply side are independent is a key feature of textbook undergraduate economics and of modern macroeconomic models. Economic output is thought to be constrained by the productive capabilities of the economy – the ‘supply-side’ – through technology, demographics and capital investment. In the short run a boost in demand RETHINKING ECONOMICS Michael Kalecki famously remarked “I have found out what economics is; it is the science of confusing stocks with flows”. Stock-Flow Consistent (SFC) models were developed precisely to address this kind of confusion. The basic intuition of SFC models is that the economy is built up as a set of intersecting balance sheets, where transactions RETHINKING ECONOMICS Jorge Rosales is a member of De America Soy. In this blog, he writes about the implications that Universal Basic Income could have on Chile. The blog is in English and Spanish. __ The inequality in Chile is significant. While the richest 1% in Chile accumulates 33% of RETHINKING ECONOMICS An eminent Sydney political economist, Dr Jones will take us on a fascinating journey through the vagaries of the Australian finance sector and the recent Banking Royal Commission. Everyone is welcome to attend! Dr Jones has been a keen observer of Australian banks and their practices over many years. He has closely monitored theAustralian
WHY FEMINIST ECONOMICS IS NECESSARY, PART 1: UNPAID LABOUR As of 2016 their estimated value to the UK economy is a not-to-be-sniffed at £1.24 trillion, or 63% of GDP, as shown by Figure 1. Although the UK data have too short a time frame to draw many conclusions, studies from the USA go back much further and they show that unpaid labour affects our interpretation of growth ininteresting ways.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Our projects are an opportunity for a global community of students to work together on a distinct piece of work that contributes to a better economics in society or the classroom. If you’ve signed our manifesto or attended an event and want to get more involved, this is the place to be. Work with others RETHINKING ECONOMICS Rethinking Economics is the latest generation of trying to change it. Students and professors at the University of Sydney were the first to highlight the narrowness of their economics education, and partially succeeded by opening a political economy department that still exists today. In 1992 a letter was published in the American Economic RETHINKING ECONOMICS Why Rethink Economics. Economics in universities is narrow, uncritical and detached from the real world. It is dogmatically taught from one perspective as if it is the only legitimate way to study the economy. There is no room for the critical discussion and debate that is essential for any student to engage with real world economic problems. RETHINKING ECONOMICS by Rethinking Economics Oxford’s Max Schroder “Correlation does not imply causation” must be the most routinely thrown-around phraseology in all of economics. Its meaning: even a systematic co-occurrence (correlation) between two (or more) observed phenomena does not grant conclusive grounds for assuming that there exists a causal relationship between these phenomena. The truth of the RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS Why Reform the Curriculum. Over the last 30 years, economics education has become increasingly narrow and detached from the real world. Lectures teach one perspective as if it is the only legitimate way to study the economy; seminars ask students to memorise and regurgitate academic theory; whilst exams award those able to solve abstract RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society and the classroom. Through a mixture of campaigning, events and engaging projects, Rethinking Economics connects people globally to discuss and enact the change needed for the future of economics, and to propel the OPEN LETTER: RETHINKING THE ROLE OF BANKS IN ECONOMICS Open Letter: Rethinking the Role of Banks in Economics Education. Banks and their role in the creation of money are integral to our modern, financialised economies. Yet, the teaching economics students receive doesn’t give them the full picture. As those with the power to influence the next generation of economists, it is essential thatyou
RETHINKING ECONOMICS An eminent Sydney political economist, Dr Jones will take us on a fascinating journey through the vagaries of the Australian finance sector and the recent Banking Royal Commission. Everyone is welcome to attend! Dr Jones has been a keen observer of Australian banks and their practices over many years. He has closely monitored theAustralian
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Our projects are an opportunity for a global community of students to work together on a distinct piece of work that contributes to a better economics in society or the classroom. If you’ve signed our manifesto or attended an event and want to get more involved, this is the place to be. Work with others RETHINKING ECONOMICS Rethinking Economics is the latest generation of trying to change it. Students and professors at the University of Sydney were the first to highlight the narrowness of their economics education, and partially succeeded by opening a political economy department that still exists today. In 1992 a letter was published in the American Economic RETHINKING ECONOMICS Why Rethink Economics. Economics in universities is narrow, uncritical and detached from the real world. It is dogmatically taught from one perspective as if it is the only legitimate way to study the economy. There is no room for the critical discussion and debate that is essential for any student to engage with real world economic problems. RETHINKING ECONOMICS by Rethinking Economics Oxford’s Max Schroder “Correlation does not imply causation” must be the most routinely thrown-around phraseology in all of economics. Its meaning: even a systematic co-occurrence (correlation) between two (or more) observed phenomena does not grant conclusive grounds for assuming that there exists a causal relationship between these phenomena. The truth of the RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS Why Reform the Curriculum. Over the last 30 years, economics education has become increasingly narrow and detached from the real world. Lectures teach one perspective as if it is the only legitimate way to study the economy; seminars ask students to memorise and regurgitate academic theory; whilst exams award those able to solve abstract RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society and the classroom. Through a mixture of campaigning, events and engaging projects, Rethinking Economics connects people globally to discuss and enact the change needed for the future of economics, and to propel the OPEN LETTER: RETHINKING THE ROLE OF BANKS IN ECONOMICS Open Letter: Rethinking the Role of Banks in Economics Education. Banks and their role in the creation of money are integral to our modern, financialised economies. Yet, the teaching economics students receive doesn’t give them the full picture. As those with the power to influence the next generation of economists, it is essential thatyou
RETHINKING ECONOMICS An eminent Sydney political economist, Dr Jones will take us on a fascinating journey through the vagaries of the Australian finance sector and the recent Banking Royal Commission. Everyone is welcome to attend! Dr Jones has been a keen observer of Australian banks and their practices over many years. He has closely monitored theAustralian
RETHINKING ECONOMICS Our projects are an opportunity for a global community of students to work together on a distinct piece of work that contributes to a better economics in society or the classroom. If you’ve signed our manifesto or attended an event and want to get more involved, this is the place to be. Work with others RETHINKING ECONOMICS Exploring Economics is an open-source and bottom up e-learning platform for economics. You can discover and study a variety of economic theories, methods and topics. Our motivation. Disappointed by the lack of pluralism and innovation in economic teaching, students and young scholars developed Exploring Economics. The open-access e-learning platform intends to shift the teaching of RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS General enquiries: info@rethinkeconomics.org For communications queries or to submit an article to our journal contact: communications@rethinkeconomics.org For interviews and press queries contact: press@rethinkeconomics.org For Rethinking campaigns information contact: campaigns@rethinkeconomics.org For operations, admin and finance inquiries contact: finance.staff@rethinkeconomics.org LET'S DECOLONISE ECONOMICS EDUCATION This module is reflective and investigates from the perspectives of the peoples and countries who are at the heart of the subject. It’s notable that a decolonising module is by its nature critical, real-world and pluralist – all the things we want to see in our economics education! We should understand that decolonising is aconstant process.
RETHINKING ECONOMICS Red de Estudios Nueva Economía (ENE) is an interdisciplinary network and a critical think-tank composed by professionals, students and teachers on economics and other social sciences, organized to critically analyze and change Chile’s neoliberal model and support RETHINKING ECONOMICS Mulungushi Liaise Economics Society (MuLES) is to ensure that Economics that is taught at Mulungushi University is that of right realisation and equitably to Students graduating and the public eye to capability. This will be done through debates, probing through right questions, awareness, road shows, critical, progressive and distinctprojects
OPEN LETTER: RETHINKING THE ROLE OF BANKS IN ECONOMICS Open Letter: Rethinking the Role of Banks in Economics Education. Banks and their role in the creation of money are integral to our modern, financialised economies. Yet, the teaching economics students receive doesn’t give them the full picture. As those with the power to influence the next generation of economists, it is essential thatyou
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Our projects are an opportunity for a global community of students to work together on a distinct piece of work that contributes to a better economics in society or the classroom. If you’ve signed our manifesto or attended an event and want to get more involved, this is the place to be. Work with others RETHINKING ECONOMICS Rethinking Economics is the latest generation of trying to change it. Students and professors at the University of Sydney were the first to highlight the narrowness of their economics education, and partially succeeded by opening a political economy department that still exists today. In 1992 a letter was published in the American Economic RETHINKING ECONOMICS Why Rethink Economics. Economics in universities is narrow, uncritical and detached from the real world. It is dogmatically taught from one perspective as if it is the only legitimate way to study the economy. There is no room for the critical discussion and debate that is essential for any student to engage with real world economic problems. RETHINKING ECONOMICS by Rethinking Economics Oxford’s Max Schroder “Correlation does not imply causation” must be the most routinely thrown-around phraseology in all of economics. Its meaning: even a systematic co-occurrence (correlation) between two (or more) observed phenomena does not grant conclusive grounds for assuming that there exists a causal relationship between these phenomena. The truth of the RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS Why Reform the Curriculum. Over the last 30 years, economics education has become increasingly narrow and detached from the real world. Lectures teach one perspective as if it is the only legitimate way to study the economy; seminars ask students to memorise and regurgitate academic theory; whilst exams award those able to solve abstract RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society and the classroom. Through a mixture of campaigning, events and engaging projects, Rethinking Economics connects people globally to discuss and enact the change needed for the future of economics, and to propel the OPEN LETTER: RETHINKING THE ROLE OF BANKS IN ECONOMICS Open Letter: Rethinking the Role of Banks in Economics Education. Banks and their role in the creation of money are integral to our modern, financialised economies. Yet, the teaching economics students receive doesn’t give them the full picture. As those with the power to influence the next generation of economists, it is essential thatyou
RETHINKING ECONOMICS An eminent Sydney political economist, Dr Jones will take us on a fascinating journey through the vagaries of the Australian finance sector and the recent Banking Royal Commission. Everyone is welcome to attend! Dr Jones has been a keen observer of Australian banks and their practices over many years. He has closely monitored theAustralian
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Our projects are an opportunity for a global community of students to work together on a distinct piece of work that contributes to a better economics in society or the classroom. If you’ve signed our manifesto or attended an event and want to get more involved, this is the place to be. Work with others RETHINKING ECONOMICS Rethinking Economics is the latest generation of trying to change it. Students and professors at the University of Sydney were the first to highlight the narrowness of their economics education, and partially succeeded by opening a political economy department that still exists today. In 1992 a letter was published in the American Economic RETHINKING ECONOMICS Why Rethink Economics. Economics in universities is narrow, uncritical and detached from the real world. It is dogmatically taught from one perspective as if it is the only legitimate way to study the economy. There is no room for the critical discussion and debate that is essential for any student to engage with real world economic problems. RETHINKING ECONOMICS by Rethinking Economics Oxford’s Max Schroder “Correlation does not imply causation” must be the most routinely thrown-around phraseology in all of economics. Its meaning: even a systematic co-occurrence (correlation) between two (or more) observed phenomena does not grant conclusive grounds for assuming that there exists a causal relationship between these phenomena. The truth of the RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS Why Reform the Curriculum. Over the last 30 years, economics education has become increasingly narrow and detached from the real world. Lectures teach one perspective as if it is the only legitimate way to study the economy; seminars ask students to memorise and regurgitate academic theory; whilst exams award those able to solve abstract RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society and the classroom. Through a mixture of campaigning, events and engaging projects, Rethinking Economics connects people globally to discuss and enact the change needed for the future of economics, and to propel the OPEN LETTER: RETHINKING THE ROLE OF BANKS IN ECONOMICS Open Letter: Rethinking the Role of Banks in Economics Education. Banks and their role in the creation of money are integral to our modern, financialised economies. Yet, the teaching economics students receive doesn’t give them the full picture. As those with the power to influence the next generation of economists, it is essential thatyou
RETHINKING ECONOMICS An eminent Sydney political economist, Dr Jones will take us on a fascinating journey through the vagaries of the Australian finance sector and the recent Banking Royal Commission. Everyone is welcome to attend! Dr Jones has been a keen observer of Australian banks and their practices over many years. He has closely monitored theAustralian
RETHINKING ECONOMICS Our projects are an opportunity for a global community of students to work together on a distinct piece of work that contributes to a better economics in society or the classroom. If you’ve signed our manifesto or attended an event and want to get more involved, this is the place to be. Work with others RETHINKING ECONOMICS Exploring Economics is an open-source and bottom up e-learning platform for economics. You can discover and study a variety of economic theories, methods and topics. Our motivation. Disappointed by the lack of pluralism and innovation in economic teaching, students and young scholars developed Exploring Economics. The open-access e-learning platform intends to shift the teaching of RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS General enquiries: info@rethinkeconomics.org For communications queries or to submit an article to our journal contact: communications@rethinkeconomics.org For interviews and press queries contact: press@rethinkeconomics.org For Rethinking campaigns information contact: campaigns@rethinkeconomics.org For operations, admin and finance inquiries contact: finance.staff@rethinkeconomics.org LET'S DECOLONISE ECONOMICS EDUCATION This module is reflective and investigates from the perspectives of the peoples and countries who are at the heart of the subject. It’s notable that a decolonising module is by its nature critical, real-world and pluralist – all the things we want to see in our economics education! We should understand that decolonising is aconstant process.
RETHINKING ECONOMICS Red de Estudios Nueva Economía (ENE) is an interdisciplinary network and a critical think-tank composed by professionals, students and teachers on economics and other social sciences, organized to critically analyze and change Chile’s neoliberal model and support RETHINKING ECONOMICS Mulungushi Liaise Economics Society (MuLES) is to ensure that Economics that is taught at Mulungushi University is that of right realisation and equitably to Students graduating and the public eye to capability. This will be done through debates, probing through right questions, awareness, road shows, critical, progressive and distinctprojects
OPEN LETTER: RETHINKING THE ROLE OF BANKS IN ECONOMICS Open Letter: Rethinking the Role of Banks in Economics Education. Banks and their role in the creation of money are integral to our modern, financialised economies. Yet, the teaching economics students receive doesn’t give them the full picture. As those with the power to influence the next generation of economists, it is essential thatyou
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS The idea that economics as a discipline is narrow, inward-looking or broken is one that has been present for over four decades. Rethinking Economics is the latest generation of trying to change it. RETHINKING ECONOMICS Economics in universities is narrow, uncritical and detached from the real world. It is dogmatically taught from one perspective as if it is the only legitimate way to study the economy. There is no room for the critical discussion and debate that is essential for any student to engage with real world economic problems. Seminars RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS One of the most fascinating schools of thought out there is Sraffian economics. It has had a big impact on historical debates but has relatively few modern adherents, and though it is often associated with Keynesianism it is surprisingly different. I want to offer a comment on Sraffian economics and why I ultimately see it RETHINKING ECONOMICS by Rethinking Economics Oxford’s Max Schroder “Correlation does not imply causation” must be the most routinely thrown-around phraseology in all of economics. Its meaning: even a systematic co-occurrence (correlation) between two (or more) observed phenomena does not grant conclusive grounds for assuming that there exists a causal relationship between these phenomena. The truth of the RETHINKING ECONOMICS Over the last 30 years, economics education has become increasingly narrow and detached from the real world. Lectures teach one perspective as if it is the only legitimate way to study the economy; seminars ask students to memorise and regurgitate academic theory; whilst exams award those able to solve abstract equations rather thanengaging critically
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
OPEN LETTER: RETHINKING THE ROLE OF BANKS IN ECONOMICS Dear Economics Professors and Teaching Staff, Banks and their role in the creation of money are integral to our modern, financialised economies. Yet, the teaching economics students receive doesn’t give them the full picture. As those with the power to influence the next generation of economists, it is essential that you review the teaching RETHINKING ECONOMICS An eminent Sydney political economist, Dr Jones will take us on a fascinating journey through the vagaries of the Australian finance sector and the recent Banking Royal Commission. Everyone is welcome to attend! Dr Jones has been a keen observer of Australian banks and their practices over many years. He has closely monitored theAustralian
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS The idea that economics as a discipline is narrow, inward-looking or broken is one that has been present for over four decades. Rethinking Economics is the latest generation of trying to change it. RETHINKING ECONOMICS Economics in universities is narrow, uncritical and detached from the real world. It is dogmatically taught from one perspective as if it is the only legitimate way to study the economy. There is no room for the critical discussion and debate that is essential for any student to engage with real world economic problems. Seminars RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS One of the most fascinating schools of thought out there is Sraffian economics. It has had a big impact on historical debates but has relatively few modern adherents, and though it is often associated with Keynesianism it is surprisingly different. I want to offer a comment on Sraffian economics and why I ultimately see it RETHINKING ECONOMICS by Rethinking Economics Oxford’s Max Schroder “Correlation does not imply causation” must be the most routinely thrown-around phraseology in all of economics. Its meaning: even a systematic co-occurrence (correlation) between two (or more) observed phenomena does not grant conclusive grounds for assuming that there exists a causal relationship between these phenomena. The truth of the RETHINKING ECONOMICS Over the last 30 years, economics education has become increasingly narrow and detached from the real world. Lectures teach one perspective as if it is the only legitimate way to study the economy; seminars ask students to memorise and regurgitate academic theory; whilst exams award those able to solve abstract equations rather thanengaging critically
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
OPEN LETTER: RETHINKING THE ROLE OF BANKS IN ECONOMICS Dear Economics Professors and Teaching Staff, Banks and their role in the creation of money are integral to our modern, financialised economies. Yet, the teaching economics students receive doesn’t give them the full picture. As those with the power to influence the next generation of economists, it is essential that you review the teaching RETHINKING ECONOMICS An eminent Sydney political economist, Dr Jones will take us on a fascinating journey through the vagaries of the Australian finance sector and the recent Banking Royal Commission. Everyone is welcome to attend! Dr Jones has been a keen observer of Australian banks and their practices over many years. He has closely monitored theAustralian
RETHINKING ECONOMICS Our projects are an opportunity for a global community of students to work together on a distinct piece of work that contributes to a better economics in society or the classroom. If you’ve signed our manifesto or attended an event and want to get more involved, this is the place to be. Work with others RETHINKING ECONOMICS Exploring Economics is an open-source and bottom up e-learning platform for economics. You can discover and study a variety of economic theories, methods and topics. Our motivation. Disappointed by the lack of pluralism and innovation in economic teaching, students and young scholars developed Exploring Economics. The open-access e-learning platform intends to shift the teaching of RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society and the classroom. Through a mixture of campaigning, events and engaging projects, Rethinking Economics connects people globally to discuss and enact the change needed for the future of economics, and to propel the RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Rethinking Economics is an international network of students, academics and professionals building a better economics in society andthe classroom.
RETHINKING ECONOMICS Sraffian economics is a school of thought which is (unsurprisingly) associated with the economist Piero Sraffa. Sraffa produced a number of lasting contributions including his seminal 1926 critique of perfect competition; a famous review of Friedrich Hayek’s ill-fated 1931 book Prices and Production; and a full collection of the works ofthe
RETHINKING ECONOMICS General enquiries: info@rethinkeconomics.org For communications queries or to submit an article to our journal contact: communications@rethinkeconomics.org For interviews and press queries contact: press@rethinkeconomics.org For Rethinking campaigns information contact: campaigns@rethinkeconomics.org For operations, admin and finance inquiries contact: finance.staff@rethinkeconomics.org LET'S DECOLONISE ECONOMICS EDUCATION This module is reflective and investigates from the perspectives of the peoples and countries who are at the heart of the subject. It’s notable that a decolonising module is by its nature critical, real-world and pluralist – all the things we want to see in our economics education! We should understand that decolonising is aconstant process.
OPEN LETTER: RETHINKING THE ROLE OF BANKS IN ECONOMICS Open Letter: Rethinking the Role of Banks in Economics Education. Banks and their role in the creation of money are integral to our modern, financialised economies. Yet, the teaching economics students receive doesn’t give them the full picture. As those with the power to influence the next generation of economists, it is essential thatyou
RETHINKING ECONOMICS Mulungushi Liaise Economics Society (MuLES) is to ensure that Economics that is taught at Mulungushi University is that of right realisation and equitably to Students graduating and the public eye to capability. This will be done through debates, probing through right questions, awareness, road shows, critical, progressive and distinctprojects
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