Saturday, December 16, 2023

Teaching economics



Substantially on the grounds that orthodox macroeconomics is simply incorrect on its face 

To some, neoclassical economics “is dead”, as is the opinion of Steven Klees, at the University of Maryland. A quick look at almost every journal and university departments will confirm, however, that neoclassical economics is not dead, and far from it. It is thriving in university departments and still is considered ‘the only game in town’, despite the rise of alternative views, such as Modern Money Theory, or heterodox ideas slowly creeping into mainstream approaches.

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