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Over the last 30 years, economics education has become increasingly narrow and detached from the real world. Lectures teach one perspective as if it is the only legitimate way to study the economy; seminars ask students to memorize and regurgitate academic theory; exams reward those able to solve abstract equations rather than recognize those who engage critically with the actual economy and real-world economic problems.

Economics degree programs are characterized by a lack of critical thinking, a lack of alternative perspectives, a lack of real world application and a lack of ethical and political context.

This not only fails economics students but society as a whole. The economics graduates of today are the policy makers of tomorrow, but are ill-equipped to deal with the most pressing problems of our time. Poverty, climate change and inequality are rarely mentioned in seminars, and when they are textbooks recommend the same tired old toolkit, with no opportunity to assess whether or not these methods are actually working.

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