by Mario Rizzo
The Economist asked how the teaching of economics might change in the wake of the financial crisis and the recession.
Predictably, some economists said they would teach more about the (shadow) banking system and economic history. That is good. But most will simply tweak their courses.
The vast majority of economists know what they have been taught. The active researchers also know the models or frameworks that have governed their research. Most are not about to shake up the world of ideas that has been good to them. Continue reading