Rethinking Economics

A spectre is haunting economics – or maybe several even. Which ones exactly––the field is not quite agreed on, but it seems to have reached the conclusion that, really, it can’t go on like this. New approaches are called for, new ideas are sought after. To this end, the Institute for New Economic Thinking (INET),

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ECLA Guest Lecture: David Colander on Economics and the Liberal Arts

Colander began by pointing out that the goal of economics lies beyond textbook catch phrases such as optimization and efficient allocation of resources. Rather, it should be the creation of excellent decision-makers, who are instrumental not only in achieving society’s goals effectively through rigorous quantitative analysis, but also in defining these goals. To do that,

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