Rethinking (the Role of) Economics as a Science

Online Courses

  1. How & How Not to Do Economics (Institute for New Economic Thinking)
  2. Capitalism & Political Economy (Duke University)
  3. Introduction to Economic Theories (Erasmus University Rotterdam)
  4. Capitalism: Competition, Conflict, Crisis (The New School for Social Research)

In the video slider a trailer of or lecture by the teachers of these courses.

Articles & Blogs

Hand-picked for you from around the web + original articles published just on the Moral Markets site

COVID-19 and the End of Individualism

“The sudden stop to economic activity underscores a truth about the modern, interconnected economy: what affects some parts substantially affects the whole. This web of linkages is therefore a vulnerability when disrupted. But it is also a strength, because it shows once again how the division of labor makes everyone better off, exactly as Adam Smith pointed out over two centuries ago”, economist Diane Coyle argues.

Economics, Disrupted

“Policymakers, scholars, business leaders, and ordinary citizens are all grappling with the far-reaching implications of digital technology, and economists are no exception. In fact, more than most other academic fields, economics urgently needs to revise its assumptions to make sense of the current era”, so economist Diane Coyle argues.

On Coronavirus, Economists Think Differently to the ‘Common Sense’ Crowd

“Economists think differently – in a way that seems alien to the “common-sense” crowd. Seeing externalities everywhere right now, we think governments have a role in setting policy to try to maximise some form of social economic welfare in this crisis. This incorporates lives, of course, which we put a very high value on. But it also includes economic activity and the satisfaction people get from their lives. Losing these has real costs too. Economists aren’t queasy therefore about undertaking cost-benefit analyses of shutdowns, though they debate the assumptions used.”

The Most Persistent of All Zombie Ideas: That Taxing the Wealthy Is Destructive to the Economy

“Economics can’t tell you what values to have. It can, however, shed light on what to expect from policy that reflects any particular set of values, Nobel Prize-winning economist Paul Krugman argues in his new book. Values, not rational ideas, polarized US politics: opponents of a larger role for government think that such a role is not just immoral but even destructive. And if the evidence doesn’t agree, they attack both the evidence and those producing it.”

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