Nobel laureate warns of crisis in economics profession

0 CuttNews - 2024-03-17

Renowned economist Angus Deaton, winner of the Nobel Prize in Economics in 2015, has recently spoken out against mainstream economics, claiming that the profession is in a state of 'disarray'. Deaton argues that the field has prioritized efficiency and technical analysis over questions of power, equity, and human well-being.

In a recent article published in the International Monetary Fund's Finance and Development magazine, Deaton highlights how the economics profession has become detached from its original purpose of studying human welfare. He criticizes the narrow definition of economics as ... clique aqui para ler mais.