Decolonizing economics means questioning where its ideas came from — and imagining new ones

Statue of Adam Smith, widely considered to be the father of economics and capitalism, in front of St. Giles Cathedral in Old Town Edinburgh, Scotland, in 2021. (Unsplash) Economics shapes many aspects of our daily lives, from the prices we pay to the policies governments adopt. Yet many of the ideas taught as universal principles of economics emerged from a narrow historical context and have rarely been examined through a decolonial lens. A recently published book, Decolonizing Economics,…