University economics teaching isn't an education: it's a £9,000 lobotomy

By Aditya Chakrabortty. Economics took a battering after the financial crisis, but faculties are refusing to teach alternative views. It's as if there's only one way to run an economy.
"I don't care who writes a nation's laws – or crafts its treatises – if I can write its economics textbooks," said Paul Samuelson. The Nobel prizewinner grasped that what was true of gadgets was also true for economies: he who produces the instruction manual defines how the object will be used, and to what ends. More...