Forthcoming and Online First Articles

International Journal of Pluralism and Economics Education

International Journal of Pluralism and Economics Education (IJPEE)

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International Journal of Pluralism and Economics Education (4 papers in press)

Regular Issues

  • Teaching Economy Studies in Non-Economics Programs Through the Lens of Justice   Order a copy of this article
    by Jay Hamilton 
    Abstract: This paper discusses the application of the economy studies approach to teaching economics courses in non-economic/interdisciplinary programs through the use of justice as a central theme. Focusing the course on a value such as justice frees the course to work in partnership with other disciplines. Advantages include: the ability to find allies in other disciplines, building student skills such as communications with economists, critical reasoning, and the ability to critically evaluate economic information. A justice-grounded introduction to the economy for interdisciplinary programs can also improve the reputation of economics within our academic institutions.
    Keywords: economy studies; non-economic programs; interdisciplinary education; justice; pluralism; communication skills; critical thinking skills; economics; economics education.
    DOI: 10.1504/IJPEE.2023.10058680
  • Rethinking economic undergraduate textbooks   Order a copy of this article
    by Michael Mietz 
    Abstract: A movement calling for the rethinking of economics has led to a renewed interest in engaging with the curriculum of economics education. These curriculum studies have found that undergraduate students are widely taught similar content, largely based on a stylised version of mainstream economics. New theoretical innovations at the research frontier have the potential to undermine a lot of the content students are taught, and usually offer a limited scope of answers to current real world issues. Using a technique in machine learning for natural language processing, we explore several widely used textbooks, coupled with a close reading. This type of approach could potentially help students and educators to quickly discover their thematic character. Our findings lend substance to the argument that popular textbooks largely present benchmark models, yet some innovative textbooks are exploring the benefits of a more pluralist presentation.
    Keywords: rethinking economics; innovative textbooks; benchmark models; textbook market; pluralism; natural language processing; economics education; economics textbooks; curriculum studies.
    DOI: 10.1504/IJPEE.2023.10059658
  • Pluralism and the History of Economic Thought   Order a copy of this article
    by Victor A. Beker  
    Abstract: While in most social sciences there is a plurality of ideas, the abnormal situation in economics is that it is dominated by one research program which considers itself the only one to be regarded as scientific in spite of its recurrent failures. If mainstream economics is the true economic theory, teaching the history of economics thought is just a waste of time. As a consequence, the teaching of the history of economic thought has been displaced in most economics departments. This paper argues that the importance of teaching the history of economic thought is because many of the ideas of former great thinkers in economics look far more valid today than most of the abstract models developed in mainstream economics. The paper makes a brief revision of the evolution of economic ideas along time.
    Keywords: pluralism; history of economic thought; real-world phenomena; Keynesian revolution.
    DOI: 10.1504/IJPEE.2023.10060354
  • Transformative Finance   Order a copy of this article
    by Christian Fahrbach 
    Abstract: Transformative finance is a new topic in financial economics and provides a new methodology to stabilise financial markets in an economic crisis. The objective is to balance financial markets in an ongoing bear market. In this case, the central bank and the state are required to implement either negative nominal interest rates or negative nominal interest rates after taxes through appropriate monetary and fiscal policies. Accordingly, there are two different economic policies in which the central bank and the state play very different roles and which still lead to the same result. Both have the same effect on investor expectations: investors are guided by negative interest rates (after taxes), adjusting their return expectations downwards, making cheap equity available and thus easing financing conditions for companies. Both strategies are theoretically equivalent: stabilising the financial markets at a lower level of return on assets, thus promoting a lasting economic recovery.
    Keywords: bear market; economic crisis; finance; stock market; financial market; stability; negative interest rates; wealth tax; corporate social responsibility.
    DOI: 10.1504/IJPEE.2023.10060365