The Miseducation of Economics

Most university economics students are exposed to mainly one school of economic thought: neoclassical economics. For students to have an education that promotes critical thinking and an understanding of economic events and policies, they must gain exposure to alternative perspectives, the so-called 'heterodox' schools. The Expanding Economics Podcast aims to shift the focus in economics and incorporate concepts such as environmentalism, clarity and social justice in economic thinking. In our first episode, we discuss the modern framework of university economics education, the dominance of neoclassical economics, and its drawbacks. We are joined by Professor Chris Barrington-Leigh and undergraduate students Lucy Everett, Maanav Sunderaraman, and Claire Downie to wrap our heads around what should be changed in university economics.