ABSTRACT

The following elucidates how modern economics and economics education have abandoned a pluralistic self-understanding and limited their economic vision to modern microeconomics and 19th-century neoclassical theory. Instead of promoting independent, reality-based thought, self-reflection and a diversity of methods, economics teaching is playing a significant role in a war of ideas by propagating adherence to a market ideology, where students are taught to accept abstract stereotypes and place blind faith in the market. As a consequence, greater scholarly and critical reflection of assumptions underlying economics teaching is needed as well as an enlightened practice of economics education that is reality-based, diverse in perspective and promoting independent thought and self-reflection.