In 1985 the Department of Economics at Dickinson College USA, a private four year liberal arts college, embarked upon a bold but promising reform of its economics programme placing it on the cutting edge of what is now called 'pluralist economics education'. This new approach to the philosophy...

Teaching economics differently summarises how we have taught introductory micro and macroeconomics and what we have learned from that teaching experience over the last 40 years. We explain why teaching both economic theories that celebrate and those that criticise capitalism – together in one...

This study examines the case of the Bachelor of Economics curriculum at the International Islamic University Malaysia regarding the extent of the practice of pluralism in the quest to create better graduates professionally competent and imbued with ethical values. We conclude that the programme...

The recent financial crisis has prompted many business school leaders to reconsider the course content of their finance programmes. I argue that students would benefit from an understanding of how neoclassical and heterodox economists study the structure and function of financial systems. To...

The invisible hand metaphor dates to the 18th century but only gained prominence after neoclassical analysis came to dominate economic thinking late 19th century. Neoclassical economists rigorously established the assumptions necessary for an economy to operate in accordance with the metaphor,...

This paper highlights a number of flaws within macro and financial economics that originated the 2007-2011 global economic and financial crisis. These flaws are deeply rooted in neoclassical economics, so much so as the lack of pluralism within the economics profession makes it impossible for...

This paper outlines a curriculum reform of economics at the undergraduate level in Western universities centred around eight main themes and which follows a pluralistic, interdisciplinary approach. The aim is to liberate teaching from the stultifying grips of neoclassical economics and its...

This article critically examines scarcity, a foundational concept of neoclassical economics. It argues that class inequalities and the pursuit of profit shape the configurations of scarcity faced by individuals and groups in today's society. These configurations are made up of socially...

The crisis that burst in 2007 has revealed a number of conceptual and methodological flaws of neoclassical economic analysis, based on rational behaviour, representative agents, and microfounded macroeconomics, where money and banking are considered as pertaining to the microeconomics of goods...

Scholars in Austrian economics have amply criticised many aspects of neoclassical economics including methodology, development economics, monetary theory, public finance and comparative economic systems. Surprisingly, little has been said on the pure theory of international trade. This paper...