November 2013

Time for a paradigmatic approach?

Interesting to read this week about growing challenges to what's perceived as an 'intellectual monoculture' in many university Economics departments. Students from Manchester University who've formed the Post-Crash Economics Society want to see more discussion in their courses of why economists failed to foresee the crisis and a shift away from an emphasis on city job's training. They are supported by academics from a number of universities whose letter to the Guardian contrasts a 'dogmatic commitment' to a single neoclassical approach in economics with 'the openness of teaching in other social sciences, which routinely present competing paradigms. A group led by Professor Wendy Carlin at UCL is apparently seeking to set out a new curriculum for the subject. I'm reminded of the work in the late 1990s of the TALESSI project led by Peter Jones and Quentin Merritt at Greenwich University.