As part of the classical university, the Faculty of Economics and Business Administration of the University of Tartu in Estonia has excellent opportunities for offering academic economic education. Despite the long-standing tradition of teaching economics, it has been necessary in the past 15...

In the economics profession there is a tension between the scholastic orientation and the public discourse orientation. The former affirms certain academic conventions among economists such as mathematical model building and statistical significance. The latter emphasizes communicating with lay...

Significance testing as used has no theoretical justification. Our article in the Journal of Economic Literature (1996) showed that of the 182 full-length papers published in the 1980s in the American Economic Review 70% did not distinguish economic from statistical significance. Since 1996 many...

Why had so few economists foreseen the crisis? The main reason is that economics has turned into a branch of applied mathematics, detached from real world institutions. In a monetary economy of production, real factors and financial factors are intertwined, and crisis is consequently no mere...

The great economic and social problems of contemporary societies, have provoked in recent years important critic reflections on the role of the economic theory and the profession of the economist. Such is the case of the debate provoked in France regarding Economy teaching, with the manifesto...

This article is an attempt to refine the theoretical discussion of the concept of learning in economic models. The article introduces a series of critical reflections on the way in which the concept of learning traditionally has been applied in modern economic theory. Alternatively, elements of...