That economics is a value-laden science is not a new idea. Most of the prominent economic thinkers were also philosophers, wary of moral and philosophical content of scientific assumptions, models, and theories. That economics needs philosophy, and the separation between these two cannot be maintained any longer, is gaining recognition, and has become a subject… Read More Scientist qua scientist, scientist qua citizen: Part I
{bit.ly/AZSpirit} Friday, 26th Jan 2017: Lecture by Dr. Asad Zaman, VC PIDE to students at University of Cambridge, Center of Development Studies for Religion & Development paper. 40 minute video recording of lecture on you-tube. For related posts, see: An Islamic Approach to Humanities. Part 1: “What Is Spirituality?”: Modern Secular thought takes spirituality and religion to… Read More Spirituality & Development
Globalization has been associated to a new financial regime and great transformations in the pattern of economic growth. In the last decades, financial capital has exercised control over the structural forms necessary for the continuing cycles of valorisation of productive capital, thanks to the centralized money at disposal. Indeed, a trend of high expansion of financial… Read More Financial Power and Liquid Modernity (in Memoriam of Zygmunt Bauman)
The adventure of leaving home, and exposure to unlimited educational opportunities as well as a radically different social environment, made us heady with excitement as freshmen at MIT. We often stayed up all night discussing our new experiences. Since we could not come to any conclusion regarding the most important question we face: “what is… Read More Blind Spots of Modern Education
I am planning a sequence of posts on re-reading Keynes, where I will try to go through the General Theory. This first post explains my motivations for re-reading Keynes. As always, my primary motive is self-education; this will force me to go through the book again — I first read it in my first year… Read More P1: Reading Keynes
Introduction and Motivation The deeply and fundamentally flawed nature of modern economic theory arises from two problems. The root cause is a fundamental misconception about the nature of methodology. The secondary cause is major mistakes in the application of this wrong methodology. The second flaw can be fixed by replacing the axioms and the methods… Read More The Misconceived Project of Social Science
WEA Pedagogy Blog 