Fixing What’s Wrong With Economics 101

By Matthew Klein – Economics is the most popular major at Harvard, Yale (pdf) and Princeton. Rightly or wrongly, these students and others will have an outsized impact on policy making, so it matters how the subject is taught. Yet many, especially those who only take first-year classes, get a misleading impression of how the economy works. We can do better.

I have a more radical suggestion. Since economics is the study of a particular set of human interactions, the introductory courses ought to focus on specific historical examples as well as classroom simulations, rather than abstract mathematics. more>

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