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counterpunch, 11 mai 2014

Informations internationales : Challenging the Ruling Economic Orthodoxy

par Pete DOLACK


The university of Chicago

Economics students of the world have nothing to lose but their ideological chains. A revolt appears to be brewing : an international coalition of economics students has issued a public call for the teaching of a variety of schools of thought so that the field might actually find solutions to the world’s problems. This is a radical departure.


The New York Stock Exchange

Orthodox economics, dominated thoroughly by Chicago School ideology, exists to justify extreme inequality and class dominance, which is why its adherents, who occupy critical financial posts around the world, continue to implement ruinous policies. At universities, the teaching of economics is similarly dominated by the Chicago School. Not all students are content with this state of affairs. The international coalition International Student Initiative for Pluralism in Economics has issued a manifesto (1) taking direct aim at the extraordinarily narrow curriculum. What makes this especially noteworthy is that this coalition comprises 42 student associations in 19 countries and has a web site in seven languages. The manifesto says : “This lack of intellectual diversity does not only restrain education and research. It limits our ability to contend with the multidimensional challenges of the 21st century —from financial stability, to food security and climate change. The real world should be brought back into the classroom, as well as debate and a pluralism of theories and methods. … [P]luralism carries the promise to bring economics back into the service of society”.

The Dharavi slum in Mumbai

The very need to drag economics “into the real world” speaks for itself. The ideological narrowness of the field leaves students unprepared, the manifesto says : “Where other disciplines embrace diversity and teach competing theories even when they are mutually incompatible, economics is often presented as a unified body of knowledge. … This is unheard of in other fields. … An inclusive and comprehensive economics education should promote balanced exposure to a variety of theoretical perspectives, from the commonly taught neoclassically-based approaches to the largely excluded classical, post-Keynesian, Institutional, ecological, feminist, Marxist and Austrian traditions —among others. Most economics students graduate without ever encountering such diverse perspectives in the classroom”.

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    éditeur : Frank Brunner | ouverture : 11 novembre 2000 | reproduction autorisée en citant la source