The Post-Crash Economics Society at the University of Manchester recently released a manifesto for reforming university economic curriculum. Economic understanding and as a field of study is still very young relative to other sciences. It will be interesting to see the traditional framework around how we understand and teach about market interactions evolves in the coming years. Andrew Haldane, Executive Director for Financial Stability at the BoE, explains in the forward:
The agenda set out in this Report is exciting and compelling. While not exhaustive, it begins to break open some of the economics discipline’s self-imposed shackles. Some of this is discovery of the new – for example, in the area of evolutionary, neuro and behavioural economics. But a large part is rediscovery of the old – or, in some cases, dusting down of the neglected – for example, in the area of institutional economics, economic history and money and banking.