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The Economists of Tomorrow

The Case for Assertive Pluralism in Economics Education

Bibliographic Data

ID2769744
AuthorsAlan Freeman (corresponding author)
Year2010
Volume69
Issue5
Pages1591-1613
Publication date2010-11-01
Open AccessYes
TypeARTICLE
VenueAmerican Journal of Economics and Sociology (JOURNAL)
Journal identifiersISSN: 0002-9246 • E-ISSN: 1536-7150
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1536-7150.2010.00758.x
OpenAlexW1918958409
LanguageEN
Citations received6
References cited19

This article presents the case for "assertive pluralism" in economics education and proposes how to achieve it, illustrating the point with reference to the U.K. Subject Benchmark Statement in Economics (SBSE). It proposes a revision of the benchmark, prioritizing the role of controversy in the teaching of economics, combined with pluralistic principles that uphold and guarantee critical and independent thinking. This reform is a necessary response to what Colander et al. (2009) term the "systemic failure" of economics-the inability of the profession, taken as a whole, to anticipate and understand the financial crash and recession of 2008. Failure on this scale testifies to a more deep-seated weakness in economics than commonly recognized. It arises from what Turner (Tett 2009) terms the regulatory capture of the economics profession by narrow financial interests. The public, and the economics profession, require specific protection against the pressures that have produced this systemic failure. This requires a rethink of the relation of economics to society, founded on a rejection of the idea that the function of economics is to provide a single, unequivocal solution to every problem of policy. Instead, the article explains, good economics should be constrained to evaluate the full range of relevant solutions to any given policy issue, leaving the decisionmakers accountable for the decisions they make on which solution to adopt

Applied economics · Economic growth · Economics · Economics education · Heterodox economics · Higher education · Mainstream economics · Market failure · Neoclassical economics · Pluralism (philosophy) · Positive economics · Public economics · Schools of economic thought · Economic theories and models · Economic Theory and Institutions · Economic Theory and Policy

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Citations per year0.38
Citation span2010 - 2019 (10)
Highly citedNo

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