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Michael Roberts Blog

Almost 1000 people attended the three-day Rethinking Economics meeting in New York, the follow-up to the recent RE meeting in London (see my post http://thenextrecession.wordpress.com/2014/06/30/rethinking-economics/). Rethinking Economics is an organisation set up by mainly postgraduate economics students concerned at the failure of mainstream economics to grasp the reasons behind the global financial collapse and its failure to open up the curriculum in university economics departments to economic thinking beyond mainstream neoclassical or ‘orthodox’ Keynesian ideas.

There seems to a huge interest among young economics students and academic economists to break with the ‘closed shop’ of mainstream thinking. And the New York chapter of Rethinking Economics was able to get some ‘big hitters’ from mainstream and heterodox economics to make presentations or join discussion panels. The whole thing was live streamed across the globe.

Watching online, we were greeted with a panel composed of leading Keynesian guru and Nobel prize…

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