How to fix university economics courses

By Wendy Carlin and Sam Bowles
sam 24th mars 2018 | Press

In an op ed in the FT today Wendy Carlin and Sam Bowles observe that an introductory economics course can be pluralistic in two ways. It can juxtapose schools of economic thought or disciplines in a kind of paradigm tournament. Or, they went on, it can integrate the insights of the different schools of thought and disciplines in a common narrative and related analytical models. Both approaches can be valuable; but CORE takes the second approach because we have concluded that it better equips students to reason analytically and empirically, and come to their own conclusions about problems such as inequality, the future of work and climate change. The FT op ed illustrates CORE’s pluralism-by-integration approach with our model of the labour market and the firm.