When a science is dying, disciples begin to refuse initiation.
This is what happened last Wednesday in the class of Harvard economics professor Gregory Mankiw, with these simple opening words: “Today, we are walking out of your class.”
The rejection of Mankiw’s class is only a single event in the class of one professor, and yet this refusal may prove to be an event with a much wider significance. Mankiw's econ 101 textbook, Principles of Economics, has made it into the minds of almost every economics student in the modern world and if the students of Mankiw can revolt, then it is possible that students everywhere can begin the task of rethinking the dysfunctional old neoclassical paradigm.
In response to the walk-out, Mankiw has only doubled down his orthodoxy, claiming that the 1% have suffered more than the 99% as a result of the recession. Now is the time for a global walk-out. Download a poster of the True Cost Economics Manifesto at kickitover.org and pin it up in the corridor of your department. Let's start an all out meme war against our neoclassical profs and begin the daunting task of ushering in a new bionomic, psychonomic, ecological economics paradigm.
Now is a good time to begin an escalation and turn the whole world into a grand economics department … to occupy it.
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