Home Today's Paper Most Popular Video Gallery Photo Gallery
Subscription Blog Signin Register
Logo
Wednesday, December 19, 2018 06:21:25 AM
Follow Us On: Facebook Twitter Twitter Twitter Twitter

Rethink your approach to economics

photo by

By
18th-Mar-2018       
Comments
Share your thought
Post a comment »
Read all () »

G. John Cole :
It's been an unprecedented decade for global economics.
While many of the headlines have fixated upon the big players and the larger aggregate economy, ordinary people have become more fascinated than ever in the role economics plays in our everyday life, from the ebb and flow of the property market to the macroeconomics of managing the household budget.
It's a fascinating field of study, since everything is connected in ways that are widely open to interpretation by different schools of thought. It follows naturally that the pluralist approach to economics has gained a lot of traction in recent years. The philosophy of pluralism in economics recognizes the value of multiple traditions of thought in contemporary scholarship - including Austrian, feminist, institutionalist, Marxian, and Post Keynesian - and seeks to connect and balance disparate cultures and systems for the common good. The idea's key sentiments can actually be traced back over centuries and even millennia, to the idealism and religious pluralism of Warring States-period China. If the idea of studying economics from a pluralist point of view already seems intriguing, there are additional benefits to consider. Whether you want to work in banking, in government, in an NGO, or in business, gaining a broad understanding of the different ways that people analyze economic phenomena allows for a more complex, adaptable, and creative practice - which improves employability. This knowledge and skill base also puts the postgraduate student in a stronger position should they wish to specialize in a particular economic tradition at a later date.
Secondly, the pluralist approach to economics is part of a very contemporary turn towards personal and institutional responsibility within the sectors most closely associated with the subject. There is a whole movement that wants to rethink the academic discipline of economics and situate it within real-world contexts, answering to a diverse culture of needs and demands. Simply put, pluralist economics resonates with the progressive ethics of our time.
Focusing these tools towards the area of development economics can reveal exciting new ideas and solutions regarding the big issues of the 21st century, such as poverty, inequality, and globalization. One university has mastered and is continuing to develop this combinatory approach: SOAS University of London.
With over 5,000 students from 133 countries on campus, it's a dynamic and truly international place to make connections and reflect on global economic tendencies, with a particular emphasis on development economics. Over half of the students are from outside of the UK, attracted to SOAS by the world-class faculty of renowned academics, thinkers, and professionals. Students will find that a program such as the MSc Economics are encouraged to develop a deep understanding of particular countries and issues, based on a concrete analysis of history, institutions, and political economy.
It's an opportunity that will certainly inspire postgraduate economics students to rethink their approach to economics.

(John is a digital nomad and freelance writer for higher education and marketing publications. A native Englishman, he is always on the move but can most commonly be spotted in Norway, the UK and the Balkans).

Tariff
Add Rate

News Archive

Inside The New Nation

Entertainment »

I always try to push negativity aside: Sunny Leone


Adult film star-turned-Bollywood actor Sunny Leone, who is often a target of sexist and disparaging remarks by people, says she is disturbed when "nonsense" gets highlighted."I always try to push negativity aside, but there are some things which I can't because I am also a human and I have feelings."I ...

Cricket »

Australia wins 2nd Test vs India by 146 runs, series 1-1


AP, Australia :Australia trounced India by 146 runs in the second Test to level the four-Test series 1-1 on the final day on Tuesday.Needing 287 runs to win, India resumed the day on 112-5 and was all out in a hurry for 140 in the second innings, and Australia was ...

Sports »

WTA changes rules affecting players returning from pregnancy


AP, St. Petersburg :The women's tennis tour approved rule changes Monday that are meant to ensure players are not penalized after they return from pregnancy or an injury that causes a long absence.The changes were prompted, in part, by the experiences of former No. 1 players Serena Williams and Victoria ...

Editorial »

The administration must prove its ability to hold free and fair polls


NEW United States ambassador in Dhaka Robert Earl Miller said that his country expected the upcoming December 30 elections in Bangladesh to be free, fair and credible as he paid a courtesy call on Prime Minister Sheikh Hasina. The US Ambassador informed the PM that his country would send 32 ...

Business & Economy »

Parveen Haque Sikder, EC Chairperson of National Bank Limited, inaugurating its 201st branch at Hili Land Port on Tuesday. Ali Haider Mortuza, Vice-President, other officials of the Bank, local businessmen and elites were also present.


International »

Former FBI chief lashes out at Trump, Republicans for telling `lies`


CNN, Washington :Washington (CNN)Former FBI Director James Comey slammed Republicans on Monday for not speaking out against President Donald Trump's attacks on the FBI and strongly defended the agency's conduct, following his second round of questioning at a closed-door congressional interview."Somebody has to stand up and speak for the FBI," ...

Chittagong »

A discussion meeting was held at Chattogram University of Engineering and Technology (CUET) marking the Victory Day on Sunday. Prof Dr Md Rafiqual Alam, VC of the University was present as Chief Guest.


City »

Vice-Chancellor of Dhaka University Prof Dr Akhtaruzzaman poses for photo session with the recipients of Provost Awards of Bijoy Ekattor Hall of DU in its auditorium on Tuesday.


Entertainment »

Ankhi Alamgir enthrals Kolkata audience


Entertainment Report :   In the beginning of current year popular singer Ankhi Alamgir performed in Utsab at Jodhpur Park in Kolkata. In the meantime, she also went to Kolkata for several times. On December 14, she got the opportunity to perform as a leading singer of Bangladesh at outdoor pool ...

Business & Economy »

Choudhury Atiur Rasul, Chief Financial Officer of Agricultural Marketing Company Limited (AMCL), a sister concern of PRAN Group, receiving the 'ICMAB Best Corporate Award-2017' in the Miscellaneous Manufacturing Category from Finance Minister Abul Maal Abdul Muhith, at a programme held at a hotel in the city on Saturday. Dr. M Khairul Hossain, Chairman of Bangladesh Securities and Exchange Commission and Suvod Kumar Karn, President of South Asian Federation of Accountants were also present.


.

Cricket »

Shakib Al Hasan plays a shot during the first Twenty20 International match between Bangladesh and West Indies at Sylhet International Cricket Stadium on Monday. Shakib scored 61 runs.


Cricket »

Fizz moves to top five in ODI rankings


Mustafizur Rahman has made a big leap to enter into the top five ranks of ICC ODI bowling rankings. Other Bangladeshi players have also made progress in the rankings after the end of Bangladesh-Windies ODIs.The Fizz moved five places to no.5 in the rankings. He has career-best 695 points against ...

Editorial »

Dhaka must involve ASEAN nations for early Rohingya repatriation


MALAYSIAN Prime Minister Mahathir Mohamad on Sunday asked the ASEAN nations to take tough measures for creating pressure on Myanmar and its de facto leader Aung San Suu Kyi to end atrocities against the Rohingya Muslims. More than 720,000 Rohingyas have fled Myanmar's strife-torn Rakhine State to Bangladesh since August ...

International »

Indian troops enforce lockdown to foil Kashmir public march


AP, Srinagar :Soldiers and police fanned out across Indian-controlled Kashmir on Monday to enforce a security lockdown for a second straight day to stop anti-India protests and foil a call by separatists for a march toward India's main military garrison in the disputed region.Government forces patrolled streets in the region's ...

Cricket »

Sri Lanka 275-9 at stumps on day 1, 1st Test vs New Zealand


AP, New Zealand :Tim Southee took 5-67 as New Zealand exploited an influential toss to contain Sri Lanka to 275-9 Saturday on the first day of the first cricket Test at the Basin Reserve.A late unbeaten half century by wicketkeeper Niroshan Dickwella helped swing the day a little in Sri ...

 
Items that you save may be read at any time on your computer, iPad, iPhone or Android devices.
 
Are you new to our website? Do you have already an account at our website?
Create An Account Log in here
Email this news to a friend or like someone
Email:
Write a comment to this news