Rethinking economics: Global student movement in UK

b_179_129_16777215_00_images_GBR130322AA001.jpegLONDON - When the financial crisis hit in 2007, economics students at respected institutions around the world found that theories handed down in classrooms failed to explain the reality outside, and an international movement began to demand a change in the way economics is taught.

“The crash was a wake-up call,” says Yuan Yang, who started her undergraduate studies in Philosophy and Economics at Balliol College, Oxford, at the height of the crisis in 2008. “On the one hand, we were being taught as if the financial system was not an important part of the economy. 

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