Manchester University students want economic diversity

Students at Manchester University in the UK have formed a group (the Post-Crash Economics Society), and they hope to change the way economics is being taught at the university (read more here).  In particular, they are critical of the sole focus on mainstream economic models that failed to predict the global economic crisis.

Joe Earle, a spokesman for the Post-Crash Economics Society and a final-year undergraduate, said academic departments were "ignoring the crisis" and that, by neglecting global developments and critics of the free market such as Keynes and Marx, the study of economics was "in danger of losing its broader relevance".

More power to them!

While some mainstream economists (Paul Krugman, for example) are trying to incorporate more realism into their models, most will never change.  If you invested years of study and research into a particular mathematical vision of economics, would you change?  It's economic (R)evolution baby!