Principles of economics textbooks: lessons to be learned in light of the financial crisis

Poul Thøis Madsen

International Journal of Pluralism and Economics Education, 2012, vol. 3, issue 3, 240-251

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.

Keywords: economics textbooks; financial crisis; economics education; core curriculum; USA; United States; pluralism; economic crisis. (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijplur:v:3:y:2012:i:3:p:240-251

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