How a Decade of Crisis Changed Economics

If we want to change the economics profession, we need to start changing the world.

By J. W. Mason Originally published in Jacobin Magazine Has economics changed since the crisis? As usual, the answer is: it depends. If we look at the macroeconomic theory of PhD programs and top journals, […]

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Economist J. W. Mason: “When We Turn to Concrete Economic Questions, There Isn’t Really a ‘Mainstream’ at All.”

There is a mix of common-sense opinions, political prejudices, conventional business practice, and pragmatic rules of thumb, supported in an ad hoc, opportunistic way by bits and pieces of economic theory.

“I don’t see…any method…at all.” By J. W. Mason I’ve felt for a while that most critiques of economics miss the mark. They start from the premise that economics is a systematic effort to understand the […]

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