Include behavioural science in economics curriculum

Eminent economist Dr Mohammed Farashuddin on Thursday suggested including behavioural science in the economics curriculum to uphold morality in the society.

While presiding over a plenary session on the first day of a three-day BEA's (Bangladesh Economic Association) 20th Biennial Conference, the former Bangladesh Bank governor said exiting mathematical science needs to be converted into moral science before linking with behavioural science.

"So, people can decide whether they will choose positive path for advancement," he said at the conference held at Institution of Diploma Engineers, Bangladesh (IDEB) in the city under the theme of Economics and Ethics: Some Applied Issues.

He said meaning or understanding of ethics is different to individuals due to lack of a universal concept of morality, which is a problem and efforts are needed for this matter.

Economist Prof Dr Abul Barkat called upon economists to work together to bring changes in the currently-applied economic science as it failed to ensure public welfare or morality in the society.

While speaking at the final plenary session, the former BEA president said analyzing over 500-year history of economic science, it can be said the issue of public welfare somehow comes to the science it is not the main target.

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