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The Death of Neoclassical Economics
The term “neoclassical economics” was born in 1900; in this paper I am proposing economist-assisted terminasia; by the powers vested in me as president of the History of Economics Society, I herebyExpand
The changing face of mainstream economics
This article argues that economics is currently undergoing a fundamental shift in its method, away from neoclassical economics and into something new. Although that something new has not been fullyExpand
The Making of an Economist, Redux
This paper reports the findings of a survey and interviews with graduate students at seven top-ranking graduate economics programs. It finds that over the last 15 years graduate economics programsExpand
THE FINANCIAL CRISIS AND THE SYSTEMIC FAILURE OF THE ECONOMICS PROFESSION
ABSTRACT Economists not only failed to anticipate the financial crisis; they may have contributed to it—with risk and derivatives models that, through spurious precision and untested theoreticalExpand
The Financial Crisis and the Systemic Failure of Academic Economics
The economics profession appears to have been unaware of the long build-up to the current worldwide financial crisis and to have significantly underestimated its dimensions once it started to unfold.Expand
Moving Beyond the Rhetoric of Pluralism: Suggestions for an “Inside-the-Mainstream” Heterodoxy
David Colander has been writing about economic methodology for over 30 years, but he goes out of his way to emphasize that he does not see himself as a methodologist. His pragmatic methodology isExpand
Beyond DSGE Models: Toward an Empirically Based Macroeconomics
This paper argues that macro models should be as simple as possible, but not more so. Existing models are “more so” by far. It is time for the science of macro to step beyond representative agent,Expand
The Art of Teaching Economics
This paper considers the teaching of economics and argues that content, not form is what is central to economics teaching. It considers the "new paradigm of teaching" and suggests that while there isExpand
Solving Society's Problems from the Bottom Up
When Milton Friedman claimed that a corporation's only responsibility is profits, few people knew that it would become conventional wisdom. David Colander, the always original and often iconoclasticExpand
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