Remember the walkout of students from their Principles of Economics class at Harvard a couple of years ago in solidarity with the ‘Occupy” movement? They thought that the economics they were being taught was doctrinaire, failed to provide a balanced perspective on the real existing economy, and did not show sufficient empathy for the 45 million people living in poverty. No wonder, the economics being taught on blackboards in almost all classrooms makes it appear as though markets descended straight from heaven while maintaining a conspiracy of silence on the Achilles heals of free markets such as not paying sufficient attention to safety, not caring enough about the environment, and being indifferent to the welfare of future generations.
via The Need for a New Way to Teach Economics | Business Ethics.
