Economics and Economics Education
Crisis and Countermeasures
DOI:
https://doi.org/10.25159/1947-9417/18870Keywords:
model worship , instrumental rationality , value rationality , utilitarian trap, social responsibilityAbstract
This commentary briefly reviews the intellectual history of macroeconomics in an informal way. It analyses mainstream economic theories and points out that they have failed to predict economic and financial crises because modern mainstream economics education is going astray. In response to the current crisis facing economics education, the commentary proposes reconstructing curriculum systems, innovating teaching methods, reforming evaluation systems, reshaping social responsibilities, and localising international experiences.
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