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Economics is…

Rethink Economics

January 11, 2019 - Economics is dogmatic and monolithic Nowadays, economics in universities is taught from a sole perspective. That is, economic theory both in books and classes is reduced to one single theory: the Neoclassical one. Justified by the evolution of the history of economic thought, economics narrowed its approach to Neoclassical theory by neglecting other ones: Marxist, Post-Keynesian, Austrian, Institutional, Ecological, Feminist, Complexity, Cooperative and Behavioural (Fischer, et al., 2018). Those schools of thought address a diverse range of issues, by tackling them with different angles and a broad set of objects of analysis. Instead, Neoclassical economics treats those issues by adopting

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Deliberate Misunderstandings in Economics: What Pluralism Really Means

Rethink Economics

January 1, 2019 - When you explain to your professor what Rethinking Economics does, it is common for them to say: ‘I agree on certain things, but not on others’. The issue is that the things they don’t agree with are rather fundamental. The first thing they find fault with is concerned with pluralism. According to them, economics is already pluralist enough in the sense that it already deals with different kinds of issues: from health, education, agriculture and development to wars, politics and elections. Many argue that the range of topics covered is becoming broader and wider over time, reflecting its well-established pluralism.

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