Examines the suitability of the traditional arc elasticity measure as a component of the economics curriculum. Demonstrates that the midpoint measure is subject to shortcomings as it invariably approaches one when price changes become large. Discusses point elasticity of demand as an alternative to the midpoint measure in the principles course.…

Focuses on Allan Bloom's perception of a classic text and his belief that there are no classic texts in the social sciences. Contends there are definitive works in economics and develops a list of six criteria to determine them. Discusses economics books that might be considered classic works, and lists textbooks that refer to these classics. (NL)

Reviews 21 one-semester economics textbooks using Kenneth E. Boulding's ideas for introductory textbooks. Lists 240 concepts and topic areas in macroeconomics, microeconomics, public policy, and international economics that may be covered in a textbook. (NL)

Reexamines the use of the novel, "Murder at the Margin," in college and high school economics instruction. Identifies errors in the book's application of economic principles. Explores the novel's approach to the "prisoner's dilemma" and the making of choices. Concludes that despite problems, the book remains valuable to…

Discusses objects, methods of instruction, content, and accomplishments of the undergraduate major in economics. Recommends a strong introductory sequence stressing application of economic tools, rigorous intermediate theory courses, background courses in quantitative methods, and a minimum of five economics electives. Suggests synthesis through a…