IDEAS home Printed from https://ideas.repec.org/a/bla/econpa/v28y2009i4p355-365.html
   My bibliography  Save this article

Cicero’s Children: The Worth of the History of Economic Thought for Business Students

Author

Listed:
  • Alex Millmow

Abstract

The Global Financial Crisis is likely to exert some impact upon the prevailing economic and political philosophy. The big question for economic and business instructors is to ponder whether it will lead to any significant changes in economic and business syllabus at Australian universities. The teaching of mainstream economics is durable and usually resistant to change. Yet the crisis has certainly caused rumblings in the teaching of first‐year economics. There is certainly a great curiosity among the young about what went wrong. Moreover, they wish to know why neoliberalism has failed and why state intervention is resurgent. Young minds must be perplexed about the rapid revision of agenda from containing inflation in 2008 to coping with recession in 2009. This paper argues that an introductory course in the history of economic ideas could help tell them why.

Suggested Citation

  • Alex Millmow, 2009. "Cicero’s Children: The Worth of the History of Economic Thought for Business Students," Economic Papers, The Economic Society of Australia, vol. 28(4), pages 355-365, December.
    • Handle: RePEc:bla:econpa:v:28:y:2009:i:4:p:355-365
    DOI: 10.1111/j.1759-3441.2010.00042.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1759-3441.2010.00042.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1759-3441.2010.00042.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Heinz Kurz, 2006. "Whither the history of economic thought? Going nowhere rather slowly?," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 13(4), pages 463-488.
    2. Malcolm Anderson & Richard Blandy, 1992. "What Australian Economics Professors Think," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 25(4), pages 17-40, October.
    3. David H. Dean & Robert C. Dolan, 2001. "Liberal Arts or Business: Does the Location of the Economics Department Alter the Major?," The Journal of Economic Education, Taylor & Francis Journals, vol. 32(1), pages 18-35, January.
    4. Ian W. McLean & Martin P. Shanahan, 2007. "Australasian Economic History: Research Challenges And Big Questions," Australian Economic History Review, Economic History Society of Australia and New Zealand, vol. 47(3), pages 300-315, November.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Andrew Seltzer & Martin Shanahan & Claire Wright, 2022. "The Rise and Fall and Rise (?) of Economic History in Australia," CEH Discussion Papers 05, Centre for Economic History, Research School of Economics, Australian National University.
    2. Sarah F. Small, 2023. "Infusing Diversity in a History of Economic Thought Course: An Archival Study of Syllabi and Resources for Redesign," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 49(3), pages 276-311, June.
    3. Heinz D. Kurz, 2011. "The Contributions of Two Eminent Japanese Scholars to the Development of Economic Theory: Michio Morishima and Takashi Negishi," Chapters, in: Heinz D. Kurz & Tamotsu Nishizawa & Keith Tribe (ed.), The Dissemination of Economic Ideas, chapter 13, Edward Elgar Publishing.
    4. Klein, Daniel B. & Stern, Charlotta, 2005. "Narrow-Tent Democrats and Fringe Others: The Policy Views of Social Science Professors," Working Paper Series 8/2005, Stockholm University, Swedish Institute for Social Research.
    5. A. Maltsev., 2015. "History of Economic Thought, Quo vadis?," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 3.
    6. Madarász, Aladár, 2008. "Visszatérhet-e a "nagy elmélet" a közgazdaságtanban?. Megjegyzések a rendszerparadigma elmélettörténetéhez [Can the grand theory" return to economics?. Notes on the theoretical histo," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(2), pages 95-106.
    7. Jackson, William A., 2013. "The Desocialising of Economic Theory," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 40(9), pages 809-825.
    8. Richard Pomfret & Liang Choon Wang, 2003. "Evaluating The Research Output Of Australian Universities' Economics Departments," Australian Economic Papers, Wiley Blackwell, vol. 42(4), pages 418-441, December.
    9. Sam Allgood & William B. Walstad & John J. Siegfried, 2015. "Research on Teaching Economics to Undergraduates," Journal of Economic Literature, American Economic Association, vol. 53(2), pages 285-325, June.
    10. Joseph Macri & Dipendra Sinha, 2006. "Rankings Methodology for International Comparisons of Institutions and Individuals: an Application to Economics in Australia and New Zealand," Journal of Economic Surveys, Wiley Blackwell, vol. 20(1), pages 111-156, February.
    11. Carlos J. Asarta & Roger B. Butters & Andrew Perumal, 2013. "Success in Economics Major: Is it Path Dependent?," Working Papers 13-11, University of Delaware, Department of Economics.
    12. André Lapidus, 2019. "Bringing them alive," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 26(6), pages 1084-1106, November.
    13. David H. Dean & Robert C. Dolan, 2011. "Curricular and Co-curricular Aspects of the Economics Major at Highly Ranked Schools," Chapters, in: Gail M. Hoyt & KimMarie McGoldrick (ed.), International Handbook on Teaching and Learning Economics, chapter 69, Edward Elgar Publishing.
    14. Niclas Berggren & Henrik Jordahl & Charlotta Stern, 2009. "The Political Opinions of Swedish Social Scientists," Finnish Economic Papers, Finnish Economic Association, vol. 22(2), pages 75-88, Autumn.
    15. Jakob Kapeller & Stephan Puehringer & Christian Grimm, 2022. "Paradigms and policies: the state of economics in the German-speaking countries," Review of International Political Economy, Taylor & Francis Journals, vol. 29(4), pages 1183-1210, July.
    16. Vadim Kufenko & Niels Geiger, 2016. "Business cycles in the economy and in economics: an econometric analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 107(1), pages 43-69, April.
    17. Alex Millmow, 2009. "The Boom We Didn’t Really Have: Australian Economics Degree Enrolments, 1990–2007," Economic Papers, The Economic Society of Australia, vol. 28(1), pages 56-62, March.
    18. Daniel B. Klein & Charlotta Stern, 2007. "Is There a Free‐Market Economist in the House? The Policy Views of American Economic Association Members," American Journal of Economics and Sociology, Wiley Blackwell, vol. 66(2), pages 309-334, April.
    19. Jérôme Blanc & Ludovic Desmedt, 2014. "In search of a ‘crude fancy of childhood’: deconstructing mercantilism," Cambridge Journal of Economics, Oxford University Press, vol. 38(3), pages 585-604.
    20. Caroline Gerschlager, 2012. "Agents of change," Journal of Evolutionary Economics, Springer, vol. 22(3), pages 413-441, July.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:econpa:v:28:y:2009:i:4:p:355-365. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.