"10 years after the financial crisis, how do we teach finance?".

Authors
Publication date
2018
Publication type
report
Summary Finance education seems to have been little influenced by the great financial crisis of 2007-2008. This is the result of a questionnaire survey conducted by the Veblen Institute during 2018. Only 25% of the teachers surveyed believe that teaching has changed significantly since the crisis. This inertia can be explained in part by the dominance of a few "reference" textbooks that focus largely on the mathematical and technical aspects of the finance profession, often neglecting the issue of the impact of finance on society. The most cited textbooks do not really focus on the macroeconomic impact of finance, even though this impact is the major factor in the economic transformations that have been taking place since the 1980s. This note analyzes the results of the questionnaire conducted between May and June 2018, and the authors propose several avenues for reforming the teaching. The full set of data from the survey is available on the Veblen Institute website.
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