tag:blogger.com,1999:blog-4804513671389132165.post7405095423010010384..comments2023-07-25T07:08:51.934-06:00Comments on Bill Longstaff: Students instruct teachers to bring economics into the real worldBill Longstaffhttp://www.blogger.com/profile/15883751372039947365noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4804513671389132165.post-48061649148294660002014-05-15T08:16:02.517-06:002014-05-15T08:16:02.517-06:00Neo-classical economics, the sort stuffed into fer...Neo-classical economics, the sort stuffed into fertile minds of undergrads for generations, is now coming to be seen as a form of mental illness. It adheres to a belief in perpetual, exponential growth and rejects the assertion that the economy is a subset of the environment.<br /><br />The neo-classical model treats challenges whether contradictions or internal inconsistencies as 'externalities', essentially heresy. <br /><br />Steady State or Full Earth economics is a foil to the neo-classical model. If our civilization is going to survive, we'll have to adopt this reality-based economics. The Mound of Soundhttps://www.blogger.com/profile/09023839743772372922noreply@blogger.com