To discuss: the pointlessness of behavioural economics as modified classical economics,
when large data applications make this a predictive science
A new paradigm for the introductory course in economics:
Our intro courses fail to reflect the dramatic advances in economics —
concerning information problems and strategic interactions, for example —
since Samuelson’s paradigm-setting 1948 textbook. Missing, too, is any
sustained engagement with new problems we now confront and on which economics
has important insights for public policy — climate change, innovation,
instability and growing inequality amongst them. This column introduces a free
online interactive text — now used as the standard intro at UCL, Sciences Po,
and Toulouse School of Economics — which responds.
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