e-journal

Heterodox economics bypassing market fundamentalism using SIFE

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Purpose – This paper aims to present the implications of discussing the economic concepts relevant to
student projects within the international program Students in Free Enterprise (SIFE) and to discuss them
as a teaching strategy that provides a simple but effective way to break the hegemony of market
fundamentalism.
Design/methodology/approach – The paper proposes using opportunities provided by the SIFE
program to start the teaching of economics from a novel perspective: start with whatever project the
students propose to undertake and support the students in examining the relevant economic concepts,
strictly following SIFE’s own assessment criterion: ‘‘Considering the relevant economic, social and
environmental factors, which SIFE team most effectively empowered people in need by applying
business and economic concepts and an entrepreneurial approach to improve their quality of life and
standard of living?’’.
Findings – Asking which economic concepts are relevant to a particular project that effectively
empowers people in need sidesteps the discussion of restrictive assumptions presented as principles of
economics. Asking this question facilitates the introduction of those elements of heterodox traditions that
are relevant to the projects in question.
Originality/value – The paper investigates implications of a radical shift in perspective to one grounded
in a project of interest to students and one focusing on economic concepts that are relevant to the
project. This shift allows students and their teachers to break the hegemony of economic principles in so
far as the reality of the students’ project is already beyond these restrictive assumptions.

Keywords Teaching economics, Heterodox economics, Epistemological shift, Service learning,Community engagement, Economics, Students, Teaching methods, Curricula

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Informasi Detail

Judul Seri

ON THE HORIZON

No. Panggil

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Penerbit

: Emerald Group.,

Deskripsi Fisik

ON THE HORIZON VOL. 20 NO. 3 2012, pp. 230-238

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

EKONOMI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

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