Mainstream Versus Minsky

This is the second part of Lecture 9 in Advanced Macro II, Spring 2019, at PIDE by Dr. Asad Zaman. The first part (L09A: Why Minsky Matters) covers the first 27m of the YouTube lecture linked below. The second part, L09B, starts 27:22m is about 1hr long:   A 1500 word summary/outline of the key… Read More Mainstream Versus Minsky

CFA: Poznan Summer School in Heterodox Economics

Something for PhD Students and early-career researchers thirsty of pluralistic education:   CALL FOR APPLICATIONS Poznań Summer School in Heterodox Economics 3rd edition 12.09.2018-16.09.2018 Poznań University of Economics and Business   The School is intended for PhD Students and early-career researchers interested in heterodox approaches to studying complex economic phenomena. We provide an international learning environment… Read More CFA: Poznan Summer School in Heterodox Economics

Friedman’s Methodology: A Stake through the Heart of Reason

[[bit.do/weafm]] In “The Trouble with Macro”, Romer writes that macro-economists casually dismiss facts, and the profession as a whole has gone backwards over the past few decades, losing precious and hard-won knowledge. He does not consider WHY this happened. What are the methodological flaws that create the possibility of moving backwards, losing knowledge, affirming theories… Read More Friedman’s Methodology: A Stake through the Heart of Reason

Three Methodologies

This is a summary of the introduction/motivation part of href=”https://sites.google.com/site/az4math/ll15europe19th”>Lecture 15 on Advanced Microeconomics II, delivered at PIDE in Spring Semester 2017.  The lecture is about 19th Century European History, and how it is deeply entangled with Modern Economic Theory. We cannot understand one without the other. 19th Century European Economic Ideas In Historical Context.… Read More Three Methodologies

Meta-Theory and Pluralism in the Methodology of Polanyi

Currently, I am teaching a course in Advanced Microeconomics where I have started with the premise that conventional economic theory, both Micro and Macro are fundamentally wrong. The number of ways in which they are wrong cannot even be counted. Instead of enumerating errors, the course is devoted to providing a constructive alternative. A lot… Read More Meta-Theory and Pluralism in the Methodology of Polanyi

Supply & Demand: Fundamentally Flawed Model of Labor Market

[shortlink: bit.do/wpam03] This is an outline of the lecture 3 in Advanced Microeconomics — expands somewhat on the slides available from the link. This should be useful to heterodox economists looking for ways to teach an alternative course, radically different from conventional approaches. First two lectures consisted of some preliminary math, and can be skipped… Read More Supply & Demand: Fundamentally Flawed Model of Labor Market

Flipped economics classroom

Recent active learning experiences have been associated with “flipped” or “inverted” classroom (Norman and Wills, 2015). Indeed, this method has been receiving increasing attention by professors that search for alternatives to traditional lectures so as to cover some topics of the course content. By adopting the flipped  classroom in economics instruction, professors out to enhance… Read More Flipped economics classroom