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Is Economics Responding to Critique? What do the UK 2015 QAA Subject Benchmarks Indicate?

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  • Jamie Morgan

Abstract

The Quality Assurance Agency for Higher Education provides subject benchmarks which inform but do not determine the content of university and college academic programmes in the United Kingdom. These are revised every few years and have recently been completed in economics for the first time since the global financial crisis. Given the extensive criticism of mainstream economics since the crisis, one might anticipate the benchmark revisions to be extensive. However, this has not been the case. This article explores why this is so. The analysis may also be considered of broader significance because the conditions under which the review has occurred involve general processes that will be familiar, albeit with local variation, to heterodox economists elsewhere. In the conclusion, a more fundamental reconstruction of the benchmarks is provided. These will also be of interest as general orienting statements for a different kind of economics.

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  • Jamie Morgan, 2015. "Is Economics Responding to Critique? What do the UK 2015 QAA Subject Benchmarks Indicate?," Review of Political Economy, Taylor & Francis Journals, vol. 27(4), pages 518-538, October.
    • Handle: RePEc:taf:revpoe:v:27:y:2015:i:4:p:518-538
    DOI: 10.1080/09538259.2015.1084774
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    1. Sheila C. Dow, 1996. "The Methodology of Macroeconomic Thought," Books, Edward Elgar Publishing, number 933.
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    Cited by:

    1. Andrew Mearman & Sebastian Berger & Danielle Guizzo, 2016. "Curriculum reform in UK economics: a critique," Working Papers 20161611, Department of Accounting, Economics and Finance, Bristol Business School, University of the West of England, Bristol.
    2. Arne Heise, 2018. "Reclaiming the University: transforming economics as a discipline," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 11(2), pages 37-66, May.
    3. Jamie Morgan, 2021. "Learning to Treat Our Natural World Realistically Through Unlearning Mainstream Economics? A Commentary on the Recent Work of Peter Söderbaum," Economic Thought, World Economics Association, vol. 10(1), pages 14-31, July.
    4. Arne HEISE, 2016. "‘Why has economics turned out this way?’ A socio-economic note on the explanation of monism in economics," The Journal of Philosophical Economics, Bucharest Academy of Economic Studies, The Journal of Philosophical Economics, vol. 10(1), pages 81-101, November.
    5. Gruszka, Katarzyna & Scharbert, Annika Regine & Soder, Michael, 2017. "Leaving the mainstream behind? Uncovering subjective understandings of economics instructors' roles," Ecological Economics, Elsevier, vol. 131(C), pages 485-498.
    6. Asad Zaman, 2019. "Launching a Revolution, based on Islamic Foundations إطلاق ثورة في الاقتصاد، تقوم على القيم الإسلامية," Journal of King Abdulaziz University: Islamic Economics, King Abdulaziz University, Islamic Economics Institute., vol. 32(2), pages 77-88, January.
    7. Morgan, Jamie, 2017. "Piketty and the Growth Dilemma Revisited in the Context of Ecological Economics," Ecological Economics, Elsevier, vol. 136(C), pages 169-177.

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