Behind the Headlines

  • Does Economics Have Any Real Value?

    November 5, 2011
    written by

    In response to:

    "Recovering Economics"
    The Intercollegiate ReviewOctober 17, 2011

    Does economics have any real value?

    More and more people are asking that blunt question. After all, mainstream economics, with its cherished theories and complex mathematical models, failed to predict the economic meltdown that began in 2007, and it has failed to spur a strong recovery in the years since.

    But, says economics professor Harry Veryser, the question is misplaced: “The problem is not with economics per se but rather with a distorted understanding of economics’ role and ambitions. . . . To get the economy back on the right path requires a proper understanding of the role, and limits, of economics.”

    Find Veryser’s solution in the brand-new Intercollegiate Review.

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