What kind of economics should we teach?
Speaker(s): Professor Geoffrey Hodgson, Professor Albert Marcet, Paul Ormerod, Professor John Sutton
Chair: Professor Tim Besley
Recorded on 20 January 2010 in Sheikh Zayed Theatre, New Academic Building.
The recent global crisis has lead to questions being asked about whether the kind of economics being taught to students in leading economics departments was responsible for the widespread failure to predict the timing and magnitude of the events that unfolded in 2008. Critiques range from an absence of historical context in mainstream teaching of economics to excessive reliance on mathematical models. This panel brings together four leading economists to debate this issue and to discuss what changes in the economics curriculum and the way that it is delivered are desirable.