Economic pluralism in South African universities

Abstract

In the mid-20th century a mathematical approach to economics took root in economics departments of universities in the West which has become the dominant mode of teaching the discipline. There is now a deep re-think taking place about whether this technical method should continue. The questioning grew after the financial crisis in 2008 and the disillusionment with neoliberalism in many parts of the world. Those who call for a more pluralistic approach to economics hold that this kind of economics doesn’t teach us anything about the conditions we see around us. Through her groundbreaking, original research, Stephanie Craig presents us with the rationale behind the demand for pluralism and makes a compelling argument for the need to change the way economics is taught.