Thomas Piketty, the economist of the moment, writes that…
““Thomas Piketty, the economist of the moment, writes that after he obtained an economics doctorate, and spent several years teaching at M.I.T., “I was only too aware of the fact that I knew nothing about the world’s economic problems.” Piketty goes on, “To put it bluntly, the discipline of economics has to get over its childish passion for mathematics and for purely theoretical and often highly ideological speculation, at the expense of historical research and collaboration with the other social sciences.” The student group agrees with Piketty. In the open letter, the students argue that an economics degree “should include interdisciplinary approaches and allow students to engage with other social sciences and the humanities.” But the students’ main beef is that, even within the subject of economics, the standard curriculum is overly restrictive, and excludes much that is valuable. The letter calls for students to be exposed to “a variety of theoretical perspectives, from the commonly taught neoclassically-based approaches to the largely excluded classical, post-Keynesian, institutional, ecological, feminist, Marxist and Austrian traditions—among others. Most economics students graduate without ever encountering””
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Economics education is too narrow, over‑relying on math and theory, neglecting history and interdisciplinary work.
In simple terms: Economics should blend math, history, and other social sciences.
Broaden economics curricula.
Themes
Mood
Type
When to use this quote
- policy analysis
- research projects
- curriculum design
- student advocacy
Key Concepts
Questions to Reflect On
- How can students influence curriculum change?
- What interdisciplinary methods improve economic insight?
Changing curricula may face institutional resistance.