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Peer reviewedParvin, Manoucher – Journal of Economic Education, 1992
Discusses the morality of teaching neoclassical theory as the only science of economics. Argues that the teaching of neoclassical theory violates moral principles unless each and every attribute of neoclassical theory is proven superior to corresponding attributes of competing theories. Criticizes neoclassical economics for teaching what rather…
Descriptors: Capitalism, Communism, Economic Factors, Economics
Direct linkVachris, Michelle Albert; Bohanon, Cecil E. – Journal of Economic Education, 2012
This article illustrates how literature can bring models to life in undergraduate courses on labor market economics. The authors argue that economics instructors and students can benefit from even small doses of literature. The authors examine excerpts from five American novels: "Sister Carrie" by Theodore Drieser (1900/2005); "The Grapes of…
Descriptors: Labor Economics, Labor Market, Wages, Labor Supply
Kwok, Yun-kwong – Journal of Economic Education, 2007
In the neoclassical growth theory, higher saving rate gives rise to higher output per capita. However, in the Keynesian model, higher saving rate causes lower consumption, which may lead to a recession. Students may ask, "Should we save or should we consume?" In most of the macroeconomics textbooks, economic growth and Keynesian economics are in…
Descriptors: Financial Policy, Economics Education, Undergraduate Study, Theories
Peer reviewedEgger, John B. – Journal of Economic Education, 1998
Briefly defines and provides some background on Eugen von Bohm-Bawerk's "marginal pairs" theory of pricing. Asserts that Bohm-Bawerk's theory is a good introduction to the Austrian school of economics and illustrates the differences between this approach and neoclassical economic theory. Includes several graphs and tables of data. (MJP)
Descriptors: Consumer Economics, Cost Indexes, Economics, Economics Education
Peer reviewedValdes, Benigno – Journal of Economic Education, 2003
Provides an explanation of the post-World War II economic phenomenon of Japan as a process of economic convergence within the framework of the neoclassical Solo-Swan model of economic growth. States that this interpretation helps students understand economic growth and development and Japan's modern economic history. (JEH)
Descriptors: Asian History, Economic Factors, Economic Impact, Economics Education
Peer reviewedChen, Edward K. Y. – Journal of Economic Education, 2005
The author has chosen three major topics in development economics for a discussion on how to teach the subject: the concepts and measurement of development, models of growth and development, and the international aspects of economic development. For the concepts of development, it is important to emphasize the coherence of the topics to be…
Descriptors: Economic Development, Economic Progress, Models, Global Approach
