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If we want economics to appeal to young Australians, it needs to move away from theory and towards tackling some of the trickiest issues faced by the next generation. www.shutterstock.com

Economics needs to get real if we want more young Australians to study it

For economics to play a more helpful, critical role, it must abandon blind faith in the free market and embrace the social, historical, and environmental context in which economics actually happens.
Paper chains hang on the White House fence in Washington in October 2010 during a demonstration against the IMF and World Bank neoliberal economic policies during their annual meeting. Has the term neoliberalism run its course? (AP Photo/Jose Luis Magana)

What exactly is neoliberalism?

The term "neoliberalism" has a rich history but has it run its course as an accurate concept when so many people have such different understandings of what it means?

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