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Rethinking the Crisis: The case for a Pluralist approach to Economics

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The financial crisis has exposed shortcomings in standard economic theory and provided an impetus for new economic thinking. But the theoretical debate in the wake of the crisis has been unduly constrained by the terms of the Mainstream approach to economic theory. Professor Sheila Dow will highlight some of the Mainstream’s failings and present the compelling case for an inclusive, Pluralist approach to the study and teaching of economics. About the speaker

Sheila Dow is Emeritus Professor of Economics at the University of Stirling and co-Convener of Scottish Centre for Economic Methodology. She has worked previously as an economist with the Bank of England and the Government of Manitoba and as an advisor on monetary policy to the UK Treasury Select Committee. She has published in the areas of methodology, the history of economic thought (especially Hume, Smith and Keynes), money and banking and regional finance. Recent books include Economic Methodology: An Inquiry, OUP , 2002, and A History of Scottish Economic Thought, Routledge, 2006, co-edited, with Alexander Dow. Her new book, Foundations for New Economic Thinking: a collection of essays, will be published by Palgrave Macmillan in spring 2012.

This talk is part of the Economics series.

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