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Econ 101 shapes how millions of people understand the economy—but what if the textbooks are teaching a worldview that’s outdated, oversimplified, and in some cases flat-out wrong?
This week, Nick and Goldy talk with economists Wendy Carlin and Suresh Naidu, leaders of CORE Econ, the global project rewriting introductory economics to reflect the real world. They explain why the old curriculum failed during the 2008 financial crisis, how CORE foregrounds issues students actually care about—inequality, climate change, and the future of work—and why teaching economics without talking about innovation or power is like teaching physics without gravity.
If you’ve ever walked out of an Econ 101 class thinking, “That can’t be how the economy really works,” this episode is your vindication—and your alternative.
Suresh Naidu is a professor of economics and international and public affairs at Columbia University, known for his work on labor markets, political economy, and power in the economy. He is a key contributor to CORE Econ, helping shape its emphasis on real-world data, inequality, and institutions.
Wendy Carlin is a professor of economics at University College London and one of the world’s leading experts in economic education and the future of macroeconomic policy. She is the co-founder and director of CORE Econ, the global curriculum reform project now used in universities across more than 60 countries.
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Further reading:
CORE - Economics for a changing world
About Core Econ
CORE (Curriculum Open-access Resources in Economics) Econ
CORE Econ’s 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.
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