One for stacker professors here, how is bitcoin dealt with in econ courses these days?
is it ignored, blasted into shit, Paul Krugman style, or just a little footnote?
After so many years, i would at least have thought it warranted some attention, if for nothing more than it was a brand new type of money
I'm pretty sure both Josh and Will teach it at their unis: here, etc https://www.btcpolicy.org/articles/im-teaching-a-course-on-bitcoin-why
#666512 #889571
This is good, sadly i can imagine there could be institutional push back, the derangement is real.
i mean in the UK knob Borris was making headlines recently, spouting off a bunch of bollocks about bitcoin and the average person will just hear that and take it as gospel.
same as Krugman, the average pleb would just see his Nobel Prize and think 'this man is the smartest man alive.'
Outside of @SimpleStacker’s classes, I’m sure it’s almost never discussed.
Seems weird though, right? even if a professor hated it, it would at least warrant a lecture and something novel to appear in modern economics, even if it was just the professor talking shit about it for 20 minutes
id also have thought students would at least be asking questions, or have some curiosity.
Economics courses really don’t talk about money very much.
In Finance we took a 3000 level Econ course called Money and Banking. It was a history of currency and banking in the US. Bank runs and failures and the resulting legislation and executive actions. Didn't mention us coming off the gold standard though. It was a course for people becoming bankers, so...
https://open.umn.edu/opentextbooks/textbooks/money-and-banking
I wasn’t thinking about electives. Yeah, there are usually a handful of cool upper-level courses that cover more historical or philosophical topics.
is it just all formulas and calculations?
It's not really about memorizing formulas. It's about learning how to set up a formal representation of a decision system and then using whatever mathematical tools are necessary to understand that system.
Pretty much
I actually think most don't enough about it to feel confident talking about it. And they'd probably be right.
When I do my bitcoin lecture it usually gets a ton of interest from the students.