Economics Profession

The Toxic Textbooks movement devotes energy to curriculum reform as well. Its purpose is to galvanize student protests and “encourage schools and universities to use economics textbooks that engage honestly with the real world.”

Yesterday, Harvard students of Ec 10 staged a walkout to draw attention to the bias they detect in the course.

The optimism embedded in the efficient market hypothesis has been one of the main sources of the recent turmoil

The reputation of economics and economists, never high, has been a victim of the crash of 2008.

The future of macro, he says, may well make “the formation and revision of expectations an object of analysis in its own right.”

The financial crisis of 2007-2009 should have been sufficient empirical evidence to indicate that the axiomatic basis of the mainstream theory needs to be replaced.

Economists like to say they’re immune from ideological influence. Our research shows the opposite.

Mainstream economics ignores historical and structural factors by design