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Monday, September 20, 2010

"How Should Economics Instruction Change?"

The Economist asks:

How have the financial crisis and recession affected the way economics is taught? How should economic instruction change?

Here's my response, along with responses by Alberto Alesina, Laurence Kotlikoff, Michael Pettis, Gilles Saint-Paul, Paul Seabright, Richard Baldwin, Michael Bordo, Guillermo Calvo, Tyler Cowen, Harold James, David Laibson, and Eswar Prasad [All Responses].

I realized I forgot to talk about the need for more economic history, but that is discussed by several others so at least the point got made.

Update: I added some comments on how the announcement might affect the chances of either the Fed or Congress providing further help for the economy.

    Posted by on Monday, September 20, 2010 at 09:53 AM in Economics, Methodology | Permalink  Comments (50)


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