Principles of economics textbooks: lessons to be learned in light of the financial crisis
by Poul Thøis Madsen
International Journal of Pluralism and Economics Education (IJPEE), Vol. 3, No. 3, 2012

Abstract: Has the financial crisis already changed US principles of economics textbooks? Rather little has changed in individual textbooks, but taken as a whole ten of the best-selling textbooks suggest rather encompassing changes of core curriculum. A critical analysis of these changes shows how individual textbooks could become even better at grasping the financial crisis than the textbooks are now as a collective. This would require a development of curriculum incorporating theoretical and historical dimensions of the financial crisis and a more pluralistic attitude by integrating conflicting interpretations of the financial crisis and its causes, remedies, and possible consequences.

Online publication date: Sat, 16-Aug-2014

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