Why Teach History of Economic Thought Today?

20 Pages Posted: 9 Nov 2010

See all articles by Andrés Álvarez

Andrés Álvarez

Universidad de los Andes - Department of Economics

Jimena Hurtado

Universidad de los Andes, Colombia - Department of Economics

Date Written: October 1, 2010

Abstract

Shorter undergraduate studies, increasing specialization and the priority of applied research in Economics represent threats for the History of Economic Thought (HET) as an integral part of the training of young economists. There are mostly sociological arguments to reduce or eliminate HET courses and contents to which we try to respond in this text. We advance that HET allows developing valuable skills that might help overcome the criticisms against Economics due to its alleged incapacity to offer solutions in times of crisis and to its fascination with quantification and technique. In this context, HET appears as a space for thought, self-criticism and introspection in which new economists may understand that Economics is a process and not a product giving them the abilities necessary to participate in the extended present of their discipline.

Keywords: History of Economic Thought, Teaching in Economics, Economic Theory

JEL Classification: A11, A13, A14, A22, B2

Suggested Citation

Alvarez, Andres and Hurtado, Jimena, Why Teach History of Economic Thought Today? (October 1, 2010). Documento CEDE No. 2010-28, Available at SSRN: https://ssrn.com/abstract=1705530 or http://dx.doi.org/10.2139/ssrn.1705530

Andres Alvarez (Contact Author)

Universidad de los Andes - Department of Economics ( email )

Calle 19A No. 1-37 Este
Bloque W, oficina W-816.
Bogota, D. C. 110311
Colombia
+57 1 3394949 (Phone)

HOME PAGE: http://economia.uniandes.edu.co/alvarez

Jimena Hurtado

Universidad de los Andes, Colombia - Department of Economics ( email )

Carrera 1a No. 18A-10
Santafe de Bogota, AA4976
Colombia

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