The treatment of minimum wage in undergraduate economics textbooks revisited
Veronika Dolar ()
International Journal of Pluralism and Economics Education, 2013, vol. 4, issue 2, 157-182
The discussion about how economics is taught in undergraduate courses is becoming more topical and professors have recently been accused of preaching free-market fundamentalism. In this paper, I review the coverage of the minimum wage in Principles of Economics textbooks to determine whether the aforementioned criticism of free-market fundamentalism applies. Staying within the contours of neoclassical paradigm I propose some examples to present new implications of the minimum wage that are rarely discussed in current textbooks. I provide a richer framework that highlights the effect of the minimum wage in a more nuanced way and discuss the consequences of the minimum wage laws that reach beyond the basic supply-demand diagram. Hopefully, this more comprehensive treatment of the minimum wage topic also helps students develop critical thinking and put to rest criticism that professors teach economics in undergraduate courses as a settled science. In addition, this paper can serve as a blueprint for economics instructors on how to teach the topic of minimum wage laws in their own classes.
Keywords: minimum wage; unemployment; pedagogy; critical thinking; welfare; economics education; undergraduate textbooks; economics textbooks; economic principles; free market fundamentalism. (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:ids:ijplur:v:4:y:2013:i:2:p:157-182
Access Statistics for this article
More articles in International Journal of Pluralism and Economics Education from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Carmel O'Grady (). This e-mail address is bad, please contact .