Further thoughts on mathematical formalism in Economics

In a recent entry,  I offered a brief, and consequently simplified explanation of why formalism in mathematics and logic per se is not the cause of the perceived (accurately in my view) lack of realism in mainstream economics. This is not to say, however, that the emphasis in mainstream economics on formal mathematical is particularly … Continue reading Further thoughts on mathematical formalism in Economics

Reforming Economics Education

There is a good deal of discussion these days about what is wrong with how economics is taught at the University level. For some examples, see Lars Syll's blog , The Institute for New Economic Thinking, and this recent article in VOX about controversies surrounding Greg Mankiw's Principles of Economics course and text and alternatives to it at Harvard. I've now completed the … Continue reading Reforming Economics Education