“The division of labor among nations is that some specialize in winning and others in losing. Our part of the world, known today as Latin America, was precocious: it has specialized in losing ever since those remote times when Renaissance Europeans ventured across the ocean and buried their teeth in the throats of the Indian civilizations”.
Swiftly approaching the end of my economics degree, I find myself -much like many of my more critical colleagues- questioning what it is that this great university institution has made of us. For we are now technically ‘economists’, even If we are a little wet behind the ears. It is said that we have entered an elite group of individuals, capable of wielding a unique economic insight; understanding the fundamental human condition through the lens of economics. It is exactly that last sentence where the issue lies. In this short reflection I shall make the case that rather than being agents capable of doing economic analysis, interpreting the basic economic question and applying critical economic thinking to problems we may be faced with, the modern-day economics course is one which gives its students hammers, to whom all economic issues swiftly become nails. In doing so I shall employ Kuhns paradigm shift.