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chipsy | 9 years ago

IME, having competed undergraduate studies in economics, it has a huge indoctrination blind spot in that as typically taught, the theories are presented as hard rules and students generally aren't exposed to more than one economic theory in depth. Study time is spent in a performance of mathematical theatre, extrapolating broad notions of how society behaves from simplified models. Some of it has useful explanatory power - especially micro economic theories that have plenty of experimental backing - but just as often there is a design constraint of "our options as policy makers are x, y, and z because those are what are in our model." And this is not probed so actively at the undergraduate level - to do the homework and pass the tests you have to answer "yes, of course z is the best policy, because our textbook model says so." Which, I suppose, is like high school history and its tendency to use a singular narrative of cause and consequence, but with some symbols thrown in. It is deceptively universalizing.

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