Every year the CORE Project, the team behind the campaign to radically transformed economics education, asks teachers at the universities that use their free textbooks to survey their first-years about what they see as the key economic issues.
This year the top issue is inequality, as it has been since the starting polling in 2016. This year that was closely followed by Covid-19, climate change, and unemployment – reflecting the problems that they hope the economics profession can explain and solve. Note that the traditional obsessions of orthodox economists (inflation, equilibrium,supply/demand, inflation) are way down the list.
COREproduce word clouds for the aggregate conclusions from all 17 universities that took part as well as individual word clouds from the cohorts from North America, Europe and Asia. My blog summarising the findings can be found here
Phil had two articles published in the latest edition of EMEA Finance, the magazine and website covering financial issues across Europe, the Middle East and Africa.
One was a profile of the chief economist at the World Bank, Pinelopi Koujianou Goldberg, who has stepped down temporarily from her chair at Yale University to head up the analysis at the world’s largest multilateral lender. She is very focused on inequality and how a shift towards deglobalisation could actually make conditions worse in emerging markets that depend on trade for wealth and wellbeing. The profile is here.
The same issue carried a news story on the announcement by the UK government that it will print a second sovereign Islamic bond in the new years following the success of its £400m issue a few years. John Glen, the economic secretary to the Treasury, insists: “Islamic finance is here to stay. It is not a passing flash in the pan but a resilient and buoyant sector of its own.” The story is here.