Economics research takes place within the classical, neoclassical, Marxian, and Keynesian schools of thought. However, we are primarily only exposed to neoclassical economics. And while mainstream economic theories are used to guide economic policy, the latter is more flexible, goes beyond assumptions, and demands inclusion of socio-cultural-political factors as well.
How do we resolve this age-old gap between economic theory and policy? Do we need to transition from a singular thought in economics to a critical and pluralistic approach? How does the history of economic thought affect policies in contemporary times? What could be the implications of pluralism in economic thought for India? What role can universities and academics play in making the history of economic thought relevant and interesting for students?
Our speaker, an author and a professor, propounds the idea of understanding economics through certain alternative modes. He will decipher economics from the lens of pluralism and share insights on alternative thinking in economic thought from his latest book.