Ideas to Occupy Economics – A Note on Michal Kalecki: Pranjal Rawat

KAFILA - 10 years of a common journey

Guest post by PRANJAL RAWAT

A revolution of sorts is on the cards for the students of economics amidst a great surge of international support for radical restructuring of the subject and its pedagogy. From the politically incorrect ‘Non-Autistic Economics’ movement to the Post-Crash Society in Manchester to the Jadavpur University Heterodox Economics Students’ Association (JUHESA) in Kolkata we see an underlying common theme. The narrowness of the neoclassical economics is being criticized. Take for instance what the preamble of JUHESA has to say about Neoclassical Economics, “Students have rightly found it appalling that a theory which could neither predict nor suggest remedies to the biggest recession in more than half a century, continues to be taught as the sole approach to economic analysis the whole world over.” This so-called revolution will remain just a source of media income and wash over without changing much, unless scholars of…

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