Curriculum Reform & Rethinking Economics

Professor Mark Levoir discusses his new textbook on post-Keynesian economics, highlighting its focus on methodology, radical uncertainty, and institutional approaches. The conversation covers the role of central banks, sectoral balances, and the importance of aggregate demand in economic policies. The discussion also touches on the limitations of GDP as a metric and the need for alternative measures of prosperity. The book aims to provide a comprehensive view of post-Keynesian economics for students and academics.

What is the main difference between the new economics textbook and mainstream economics textbooks?

What role does the firm play in the new economics textbook compared to traditional views?

How does the new textbook address the concept of radical uncertainty?

How does the author suggest economics should be taught in light of radical uncertainty?

In what ways does the new textbook challenge traditional views on monetary policy?

What is the significance of the sectoral balances approach in understanding economic policy?

What are the implications of the natural rate of unemployment in economic policy according to the author?

What insights does the author provide regarding the relationship between aggregate demand and economic growth?

How does the author view the use of GDP as a measure of national prosperity?

What is the author's perspective on the integration of insights from other social sciences into economics?