When a science is dying, disciples begin to refuse initiation.
This is what happened last Wednesday in the class of Harvard economics professor Gregory Mankiw, with these simple opening words: “Today, we are walking out of your class.”
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When a science is dying, disciples begin to refuse initiation.
This is what happened last Wednesday in the class of Harvard economics professor Gregory Mankiw, with these simple opening words: “Today, we are walking out of your class.”
Read more ...
Never has there been a more interesting time to study the political economy. In the last three years students like myself have had the fortune to watch in real time policy makers scramble to maintain the illusion of control over the insatiable beast that our consumption driven economy has become. To my disappointment, however, the recent past has not been a time of reflection, and analysis, or anything that would resemble either. Instead, economists in the universities continue to teach as if the crisis never happened.
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