Post-crash Economics:What Are the Implications of the 2007 Crisis for the Teaching of Economics?

The financial crisis has highlighted the inability of mainstream economic theory to explain the real world, it has given rise to extensive criticisms of orthodox economics, and it has generated demand for alternative economic approaches both in research and teaching. This chapter focusses on the implications of the crisis for the teaching of economics at university. It analyses the work initiated by students and academic societies—such as the University of Manchester Post-Crash Economics Society—in emphasising the inadequacies of the discipline to address contemporary needs of economics students, and hence in calling for the need to change significantly teaching methods and contents of syllabus