Economy Studies: building the next generation of economists

Our economic system as it stands is doing growing damage to our life-world and the fabric of our societies. Though this is partially caused by pressures inherent in the system, the current curriculum makes things worse by assuming that markets always balance out, that ‘externalities’ are only minor issues, and that morality is neither present nor necessary in our economic behavior. As such, it fails to provide students with the intellectual tools to effectively address issues such as climate change and broader ecological damage, inequality and financial instability. It is abundantly clear that our current economic thinking has reached its limits, and requires an update.