David F. Ruccio — Learning and unlearning economics

Noah Smith argues that something he refers to as the recent “empirical revolution” in economics is challenging “a ton of standard, common theories.”…

I’d only add that some of us have been teaching these and many other challenges to mainstream economics for a very long time. That’s because we were fortunate to learn theories other than those of mainstream economics, which we have then used in our own teaching of economics.

We teach our students that mainstream, neoclassical economics is one story about the economy. And, we also teach them, there are many other stories—based on different entry points and logics, and which arrive at conclusions very different from those of mainstream economics.

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Learning and unlearning economics
David F. Ruccio | Professor of Economics, University of Notre Dame