Episode Details

We Need to Revamp Econ 101: It May Limit Your Business Thinking

4 Apr 2024

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Treating economics like a natural science can limit its scope and give corporations permission to look the other way on harms they may be causing. The New Yorker's Nick Romeo reports on the case for bringing the humanities–including ethics and philosophy–back into the curriculum. Romeo is the author of The Alternative: How to Build a Just Economy (https://www.amzn.com/1541701593). 00:00 An “acceptable” rate of joblessness? 01:00 Economics is not a natural science 01:39 Distorted business thinking 02:30 But isn’t economics essential? 03:10 The real cost of cheap stuff 04:10 One alternative: true pricing 05:04 An alternative to Econ 101? Follow us: https://hbr.org/ https://www.linkedin.com/company/harvard-business-review/ https://www.facebook.com/HBR/ https://twitter.com/HarvardBiz https://www.instagram.com/harvard_business_review Sign up for Newsletters: https://hbr.org/email-newsletters #HarvardBusinessReview #Work #Business #Economy #Economics #Education #Economics101 #Harvard #HarvardBusinessSchool Copyright © 2024 Harvard Business School Publishing. All rights reserved.

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