Reading List | post-crasheconomics.com | Students of the University of Manchester

The Post-Crash Economics Society sees more views on economics than the neo-classical at the core of the U. Manchester curriculum (and some other schools).

We are The Post-Crash Economics Society and we are a group of economics students at The University of Manchester who believe that the content of the economics syllabus and the way it is taught could and should be seriously rethought.

We were inspired to start this society when we heard about a Bank of England Conference called ‘Are Economics Graduates Fit for Purpose?’ At this event leading economists from the public and private sphere came together to discuss whether economics undergraduates were being taught the right things in the light of the 2008 Financial Crisis. This chimed with some of our frustrations about the economics we were learning and so we decided to set up a society that would through doing research, organising events and running workshops seek to bring this discussion to Manchester. That was at the start of the 2012/13 academic year.

A summary of the Bank of England conference is at “Are economics graduates fit for purpose?” | Diane Coyle | Feb. 22, 2012 | voxeu.org at http://www.voxeu.org/article/are-economics-graduates-fit-purpose

The Post-Crash Economics Society provides a “list of recommended readings for those interested in heterodox economics and critiquing the mainstream, but also with some opposing views from mainstream economists” at http://www.post-crasheconomics.com/reading-list-2/ that includes:

  • Old, but relevant, critiques of the mainstream (Piero Sraffa, Joan Robinson, John Hicks)
  • Modern critiques (Yanis Varoufakis and Christian Arsnberger, Tony Lawson, Yanis Varoufakis, Steve Keen, Jonathan Aldred, Robert Prasch)
  • Marxism (Andrew Kliman)
  • Institutional Economics (Geoff Hodgson, Herbert Simon)
  • Austrian Economics (Friedrich Hayek)
  • History of Thought (Robert L Heilbroner)
  • The Financial Crisis (Dirk J Bezemer, John Lanchester, Yves Smith, Irving Fisher
  • Other Sciences on Economics (David Orrell, Jason Pott, Eric Beinhocker, Keen et. al)
  • Mainstream Economics (Tim Harford, Paul Krugman, Dean Baker)
  • Development (William Easterly, Ha-Joon Chang)

The article on the Post-Crash Economics Society surfaced following the “Worlds collide as Russell Brand predicts a revolution” | Paul Mason | Oct. 24, 2013 | channel4.com at http://www.channel4.com/news/russell-brand-jeremy-paxman-anti-capitalist-revolution-bbc .

Elizabeth Renzetti wrote:

The seeds are there, if not for revolution then at least for change: The same day Mr. Brand’s interview ricocheted around in-boxes, there was a business story in The Guardian newspaper about a bunch of economics students at the University of Manchester who got tired of being taught only one, free-market-based set of theories and principles. They have created something called the Post-Crash Economics Society to expand their knowledge of economics history and the different models that have arisen over the years. Their slogan: “The world has changed, the syllabus hasn’t – isn’t it time to do something about it?”

‘Revolution’ may be a tired word, but Russell Brand has struck a chord | Elizabeth Renzetti | Oct. 26, 2013 | Globe and Mail at http://www.theglobeandmail.com/commentary/revolution-may-be-a-tired-word-but-russell-brand-has-struck-a-chord/article15096184/#dashboard/follows/

The Post-Crash Economics Society participated in the Rethinking Economics London Conference in June 2013 at http://www.rethinkecon.co.uk/#!schedule/cihc , with

  • London School of Economics (UK) Student Union Rethinking Economics
  • University of Manchester (UK) Post-Crash Economics Society
  • Cambridge University Student Union (UK) Society for Economic Pluralism
  • University College London Student Union (UK) Better Economics​
  • University of Tübingen (Germany) Rethinking Economics

Presentations from that conference are promised to be added at http://www.rethinkecon.co.uk/#!presentations/c1sk4 .  The London conference was cosponsored by the New-York-based Institute for New Economic Thinking at http://ineteconomics.org/ (which has Robert Johnson as president, the former managing director at Soros Fund Management)

These are Facebook-generation organizations:  the UoM Post-Crash Economics Society at https://www.facebook.com/groups/220428964756799/; Rethinking Economics updates are at https://www.facebook.com/rethinkecon

Economics students aim to tear up free-market syllabus: Undergraduates at Manchester University propose overhaul of orthodox teachings to embrace alternative theories