Thank you, one additional avenue for a different teaching of economics would be to start with Ecological Economics, i.e. first to describe the human economy as a subsystem of a physical-biological system, exchanging energy and materials with it. The social metabolism. The entropy law and the economic process. Then one could explain different types of human society (from "Stone Age Economics" of Marshall Sahlins onwards). Introduce the rise of the market economy (peripheral markets and the generalized market system, following Karl Polanyi). Then the ideology of the market system, from A. Smith "invisible hand" its formalization in neoclassical economics in the 1870s. The Sraffian critique from the 1920s to the 1960s. Then the Keynesian critique against market equilibria since the 1930s and its revival in the 2008-09 crisis... and end up again with the ecological macroeconomics without growth (and without increase in the public debt) of Tim Jackson and Peter Victor.
Yours, jma
Joan Martinez Alier
Professor Department of Economics and Economic History
Universitat Autònoma de Barcelona
Yours, jma
Joan Martinez Alier
Professor Department of Economics and Economic History
Universitat Autònoma de Barcelona
