On December 2, Chris Ragan wrote a column for the Globe and Mail titled “Another (Macro) Defense of Econ 101.” The link to his column is available here . My brief reply was published in the Globe and Mail on December 13. The full version is below:
Professor Ragan defends conventional (macro) Econ 101 as a pedagogical tool for training students’ minds to confront and grapple with the complex economic problems they encounter in their daily lives.
I agree: Econ 101 should begin training the mind to handle complexity. Unfortunately, conventional Econ 101 doesn’t do this very well, often (Read more…)
On October 21, Chris Ragan wrote a column for the Globe and Mail titled “In defence of Economics 101.” The link to his column is available here.
On October 24, Marc Lavoie, Louis-Philippe Rochon and Mario Seccareccia replied to him. The link to their response is available here.
French economist Jean Tirole has won the 2014 Nobel Prize in Economics for his work on industrial organization and regulation, in particular his insights into oligopolies. “Who is Jean Tirole?, many non-economists and some economists are asking today. The MIT-educated, Toulouse-based professor is a key figure in the New Industrial Organization (IO) movement. The movement, with its roots in the 80s , sought to formalize IO, drawing heavily on new tools provided by game theory. I first came across Tirole’s name as the author of The Theory of Industrial Organization (1988), the main textbook prescribed in (Read more…)
I won’t bury the lead. Yes I think heterodox pedagogy is critically flawed at least at the popular and undergraduate levels. Yesterday I had the fortune of bearing witness to a exchange between a sociologist and an economist. Both are well published and respected within their respective fields. Predictably, it was a dialogue of the deaf. The sociologist merely inquired why the economist was intent on stripping-out the faintest of pretences of a pluralist education in economics by removing the history of economic thought from the core of his graduate curriculum. The response was
. . . → Read More: Is Heterodox Economic Pedagogy Flawed?
The Progressive Economics Forum (PEF) is proud to announce that Mike McCracken, Chair and CEO of Informetrica Ltd. in Ottawa, has won the 3rd biennial Galbraith Prize for a lifetime contribution to economics and social justice in Canada. Congratulations, Mike!
Mike co-founded Informetrica in 1972, after working at the Economic Council of Canada, where he helped build the Council’s CANDIDE macroeconomic simulation model. For 40 years, Informetrica has been a prominent and credible source of economic and policy analysis in fields such as industry and energy studies, macroeconomic and monetary policy, input-output analysis, aboriginal economic development, and healthcare.
. . . → Read More: The Progressive Economics Forum: Mike McCracken: Winner of the 2012 Galbraith Prize in Economics