Friday, October 25, 2013

Students Claim Econ Department is Too Free Market [!]

 http://economictimes.indiatimes.com/photo/17803347.cms

Economics Students Aim to Tear Up Free-Market Syllabus,” reads the headline in The Guardian. Some excerpts:
A growing band of university students are plotting a quiet revolution against orthodox free-market teaching, arguing that alternative ways of thinking have been pushed to the margins.
Economics undergraduates at the University of Manchester have formed the Post-Crash Economics Society, which they hope will be copied by universities across the country.
The organisers criticise university courses for doing little to explain why economists failed to warn about the global financial crisis and for having too heavy a focus on training students for City jobs.
Yet no curiosity at all about the Austrian School of economics, many of whose economists did predict the crisis, and who are far more free market than the vast majority of the neoclassicals who teach them.

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