May

6

Economics School And Text-A Time To Change

Filed Under Business And Economics Degrees, Colleges And Universities, Economic Education, Economics, General 

Economics is a very serious issue and something that everyone in our society should understand, thus it is paramount for it to be taught in schools and colleges. One issue, which seems to be evident is that all too often our educational system is teaching a socialistic form of economics, which almost makes profit seem like a bad word.

Indeed, we all know that there is nothing wrong with making a profit. Thus, it appears there is a problem with the way we teach economics and the reality of what is and how things work. It is so very important for professors, schools and educational institutions to drop their personal politics long enough to buy the textbooks on economics that teach the correct version of reality.

Let us look at a few of the textbooks of the past and consider how such books influence thought in our society;

1.) “Economics of Social Issues” (tenth edition) by Ansel M. Sharp, Charles A. Register, and Richard H. Leftwich – 1986

This book discusses social issues and economics and starts out with chapters such as: World Poverty Problems, Allocation of Resources, Analysis of Intervention on free markets. Then it moves on to the economics of education, real costs, and future. Next, it deals with income distribution models, government structures and what works best, as well as labor relations and resources. Inflation, deflation, stagnation, devaluation and how an economy can win and lose at all at the same time – taxation, national debt, trade deficits and protectionism also introduced and how these affect people.

2.) “Choice and Change – an Introduction to Economics” by William Dickneider and David Kaplan – 1978.

The title seems to indicate an introduction into free markets, much similar to Milton Freedman’s book. This book explains such principles as supply and demand, exchange values, trade, labor, debt, monopolistic power, inflation, trade, taxes, government spending, employment and how economic policy is made. It is indeed, an introductory text book to the study of economics. The chapters go into deep case analysis of historical events, politics and big business.

3.) “American Economic History” by Harry N. Scheiber, Harold G. Vetter and Harold Underwood Faulkner – 1976.

This book starts us out in the colonial times and the economics of the colonies, trade, mercantilism and how things changed after the revolutionary war. Next it describes how agriculture came to be the major industry, how foreign commerce helped and how the government handled the role of banking. Transportation, slavery and industrialization were major components of the next era, all illustrated with case studies and historical facts.

The early industrial age speaks to labor movements, expansionism and America’s role in WWI. The market collapse, depression, WWII, and post war economy are explained in depth, along with unionism, regulations, and quality of life in a mixed and growing economy.

Many of the kids and students that used such textbooks in school are now Congressmen and women, who are running our government and spending our money. It seems there are some problems with their decisions and inability to control their spending. Apparently, they either did not do so well in their studies, or they were duped by problematic or lopsided economic theory.

Perhaps if we concentrate on the next generation of economic textbooks then the future leaders of this great nation will be able to a better job and more importantly the voters will understand who to vote for as well. Spending this great nation into oblivion and failing to maintain a balance of trade, by engaging in unfair trade with countries that take advantage of us – is causing conflict with the future economic prosperity of all we know and all we have built.

 

economicssechools.com
Author: Lance Winslow

Comments

Leave a Reply




  • ADVANCED SEARCH

    CollegandUniversity Search
    Economics Schools College And University Search
    School Type: Campus   Online  Show All  
    Select an Area of Study:
    Select a Program of Interest:
    Enter Your Zip/Postal Code:

  • Top Economics Schools

    1. American InterContinental University Online

  • Categories

  • Economics Schools Video-Today’s Economics Student