Economic Thought vs. Business Thought and the Shortcomings of Both

Cristian Mitreanu submits this question via email:

I would like to hear your thoughts on the subject of “economic thought vs. business thought.” Is there such thing? If yes, should this distinction be made?

He raises the question in concert with an initiative he is proposing, intended to start a discussion about the current . . . → Read More: Economic Thought vs. Business Thought and the Shortcomings of Both

Dominant Economic Views in Western Society, Part II

It would be (or maybe is?) an interesting and informative exercise to poll existing undergraduate economic students whether they consider themselves “Homo economicus.”

A second part of the study could be completed with graduate students, about to embark with a plethora of knowledge of economics, ready to face the “real world” of jobs in . . . → Read More: Dominant Economic Views in Western Society, Part II

Dominant Economic Views in Western Society, Part I

This week, Chris poses this question:

Is there a dominant economic worldview in the Western society? If so, what is it? If not, what worldviews are the most popular/employed?

With the Democrat and Republican conventions upon us, no doubt we will be hearing more than we want about a “time for change.” Although the . . . → Read More: Dominant Economic Views in Western Society, Part I