An interesting article here on changes in the understanding of economics from Dominic Burbidge in Public Discourse. (Those who attended our sessions in 2014/15 will note resonances with (eg) Odile Pilley's presentations.)
Anyone holding an economics degree has undergone the strange experience of sitting in a beginner’s class and being told to assume that we are all completely self-interested. I suffered this fate studying economics at Queen Mary, University of London, and then I suffered it all over again taking a class in formal modeling at the University of Oxford. If there is ever such a thing as brainwashing, this ritual is a good example.
Like many students, I questioned the assumption that man is simply homo economicus. Surely, I protested, people are sometimes capable of seeking the good of others. As any economics student will be able to tell you, the reply I got was not that I was wrong, exactly. Instead, I was told, “we just have to make this assumption before going further.” Teaching economics this way is like ushering students into Plato’s cave and then telling them that if they don’t assume the shadows on the wall are real, they will have nothing else to go by. Homo economicus is the only robust, repeatable model of human behavior, it is explained—the only consistent measuring tool for the social sciences and its best starting point.
Full article here.
[Image: Dives and Lazarus from the Master of the Codex Aureus Epternacensis, 1035-1040. Full details here.]
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