Why Political Economists Need Real-World Experience: Beyond the Ivory Tower

One of the most persistent problems in modern political economy is the growing separation between academic knowledge and practical experience. Universities produce increasing numbers of specialists who are highly trained in theory, statistical techniques, and academic writing. Yet many have limited exposure to entrepreneurship, finance, business decision-making, public policy implementation, or the economic realities faced by ordinary citizens.

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Artificial Intelligence, the Knowledge Problem, and Why Universities Will Become More Important, Not Less

Every technological breakthrough produces two kinds of reactions. The first is excitement—often exaggerated. The second is fear—almost always misplaced. Artificial intelligence is no exception. As large language models and memory-augmented systems advance, a familiar claim resurfaces: that university teaching and research will soon be automated away, and that professors will become obsolete. This argument misunderstands both artificial intelligence and universities. More importantly, it misunderstands knowledge itself.

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