{"id":177,"date":"2019-01-12T21:20:34","date_gmt":"2019-01-12T20:20:34","guid":{"rendered":"https:\/\/schleicher.at\/?page_id=177"},"modified":"2026-01-06T13:52:17","modified_gmt":"2026-01-06T12:52:17","slug":"new-economic-thinking","status":"publish","type":"page","link":"https:\/\/stefan.schleicher.at\/index.php\/new-economic-thinking\/","title":{"rendered":"New Economic Thinking"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"177\" class=\"elementor elementor-177\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c5c1469 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c5c1469\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-b693bdc\" data-id=\"b693bdc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-21dfdca elementor-blockquote--skin-quotation elementor-widget elementor-widget-blockquote\" data-id=\"21dfdca\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\t\"The noblest pleasure is the joy of understanding\"\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">Leonardo da Vinci<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9128b0f elementor-widget elementor-widget-heading\" data-id=\"9128b0f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">CORE Econ<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e29ea9b elementor-widget elementor-widget-text-editor\" data-id=\"e29ea9b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>CORE Econ\u2019s vision is that a radically transformed economics education can contribute to a more just, sustainable, and democratic world in which future citizens are empowered by a new economics to understand and debate how best to address pressing societal problems.<\/p><p>Free online textbooks and resources for a new way of teaching and learning economics, using the best research to address the world\u2019s most pressing problems.<\/p><p><a href=\"https:\/\/www.core-econ.org\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.core-econ.org\/<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba3349b elementor-widget elementor-widget-heading\" data-id=\"ba3349b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Economic Crises and the Crisis of Economics<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccfd752 elementor-widget elementor-widget-text-editor\" data-id=\"ccfd752\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>\u201cIn the run-up to the 2008 financial crisis, many economists with vested interests defended a growth model that was based more on \u201cirrational exuberance\u201d than on sound fundamentals. The economics profession has now suffered a spectacular fall from grace, and needs a new code of conduct to restore its credibility.\u201d<\/p><p>This diagnosis of the state of economics by Paola Subacchi in Project Syndicate, January 2017, summarizes many concerns that has lead to many initiatives as the Institute for New Economic Thinking.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c91878c elementor-widget elementor-widget-heading\" data-id=\"c91878c\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The revealing power of jokes and satire <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb7a82b elementor-widget elementor-widget-text-editor\" data-id=\"cb7a82b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #808080;\"><a style=\"color: #808080;\" href=\"http:\/\/1stclasseconomics.com\/economics-jokes\/\" target=\"_blank\" rel=\"noopener\">The internet\u2019s optimal allocation of economics jokes<\/a><\/span><\/p><p><span style=\"color: #808080;\"><a style=\"color: #808080;\" href=\"https:\/\/fee.org\/articles\/the-three-kinds-of-economist-jokes\/\" target=\"_blank\" rel=\"noopener\">Why do economist jokes exist?<\/a><\/span><\/p><p><span style=\"color: #808080;\"><a style=\"color: #808080;\" href=\"http:\/\/kimoon.co.kr\/gmi\/reading\/Leijonhufvud-1973.pdf\" target=\"_blank\" rel=\"noopener\">Axel Leijonhufvud\u2019s seminal research about the Econ<\/a><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73db09e elementor-widget elementor-widget-heading\" data-id=\"73db09e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Some reflections on new economic thinking<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2649292 elementor-widget elementor-widget-heading\" data-id=\"2649292\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/stefan.schleicher.at\/wp-content\/uploads\/2019\/01\/Atmosfera-2017-ModelingInsightsNotNumbers.pdf\" target=\"_blank\">Deepening the Scope of the \u201cEconomic Model\u201d: Functionalities, Structures, Mechanisms and Institutions.<\/a><\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-97b4422 elementor-widget elementor-widget-text-editor\" data-id=\"97b4422\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Stefan P. Schleicher<\/p><p>In Birgit Bednar-Friedl and J\u00f6rn Kleinert, eds. (2016). Dynamic Approaches to Global Economic Challenges.Springer.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-3c80ac4\" data-id=\"3c80ac4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5749655 elementor-widget elementor-widget-heading\" data-id=\"5749655\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">New Economic Thinking<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-404603a elementor-widget elementor-widget-image\" data-id=\"404603a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"300\" height=\"211\" src=\"https:\/\/stefan.schleicher.at\/wp-content\/uploads\/2019\/01\/leonardo_geared_device-300x211.png\" class=\"attachment-medium size-medium wp-image-277\" alt=\"\" srcset=\"https:\/\/stefan.schleicher.at\/wp-content\/uploads\/2019\/01\/leonardo_geared_device-300x211.png 300w, https:\/\/stefan.schleicher.at\/wp-content\/uploads\/2019\/01\/leonardo_geared_device.png 646w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bcedc04 elementor-widget elementor-widget-text-editor\" data-id=\"bcedc04\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Institute for New Economic Thinking<br \/><\/strong><span style=\"color: #808080;\"><a style=\"color: #808080;\" href=\"https:\/\/www.ineteconomics.org\/about\" target=\"_blank\" rel=\"noopener\">We advance sound economic ideas to better serve humanity<\/a><\/span><\/p><p><span style=\"color: #808080;\"><a style=\"color: #808080;\" href=\"https:\/\/www.ineteconomics.org\/perspectives\/collections\/innovation\" target=\"_blank\" rel=\"noopener\">Economics of Innovation<\/a><\/span><\/p><p><span style=\"color: #808080;\"><a style=\"color: #808080;\" href=\"https:\/\/www.ineteconomics.org\/perspectives\/collections\/crisis-of-conformity-in-economics\" target=\"_blank\" rel=\"noopener\">The Crisis of Conformity in Economics<\/a><\/span><\/p><p><span style=\"color: #808080;\"><strong>Project Syndicate<br \/><\/strong><a style=\"color: #808080;\" href=\"https:\/\/www.project-syndicate.org\/\" target=\"_blank\" rel=\"noopener\">Access to the world\u2019s seminal thinker<\/a><\/span><\/p><p><span style=\"color: #808080;\"><a style=\"color: #808080;\" href=\"https:\/\/www.project-syndicate.org\/section\/economics\" target=\"_blank\" rel=\"noopener\">Economics &amp; Finance<\/a><\/span><\/p><p><span style=\"color: #808080;\"><a style=\"color: #808080;\" href=\"https:\/\/www.project-syndicate.org\/section\/environment-sustainability\" target=\"_blank\" rel=\"noopener\">Sustainability &amp; Environmet<\/a><strong><br \/><\/strong><\/span><\/p><p><span style=\"color: #808080;\"><strong>European Commission<br \/><\/strong><a style=\"color: #808080;\" href=\"https:\/\/ec.europa.eu\/clima\/policies\/strategies\/2050\" target=\"_blank\" rel=\"noopener\">2050 long-term strategy<\/a><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>&#8220;The noblest pleasure is the joy of understanding&#8221; Leonardo da Vinci CORE Econ CORE Econ\u2019s vision is that a radically transformed economics education can contribute to a more just, sustainable, and democratic world in which future citizens are empowered by a new economics to understand and debate how best to address pressing societal problems. Free [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-177","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/pages\/177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/comments?post=177"}],"version-history":[{"count":15,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/pages\/177\/revisions"}],"predecessor-version":[{"id":1424,"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/pages\/177\/revisions\/1424"}],"wp:attachment":[{"href":"https:\/\/stefan.schleicher.at\/index.php\/wp-json\/wp\/v2\/media?parent=177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}