“…that’s what Economics is all about: understanding the material conditions of our existence, the jobs we do, the incomes we receive…things we buy…the role of governments in providing our rights…the right to avoid abject poverty- there is a challenge to understand the material conditions of our existence, so that we may make them better…we want to understand in order to change”
-The opening of Frank Stillwell of Sydney University’s outstanding lecture series. On the failure of dichotomy in academic Economics, the dominance of the neoclassical school and the exact point of true economic enquiry.
The first ten minutes are well worth a watch for anyone wanting to understand the problems faced by contemporary Economic academia, and why it is so important these issues are resolved.