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What about the mainstream critique of American principles of economics textbooks?

  • Poul Madsen

Research output: Chapter in Book/Report/Conference proceedingContribution to book/anthologyResearchpeer-review

Abstract

The finansial crisis and the subsequent recession have been a real challenge to economists as well as to econimic theory. In the media a blame game has been going on and economists and their theories have been portrayed as one of the mail culpits. A repeated message has been that, had economic theories been of more relevance, we might have avoided the crisis, or at least not been taken so much by surprise. The economics textbook - as one important representative of economic theory - has also come under closer scrutiny and critism due to the financial crisis.
Original languageEnglish
Title of host publicationTeaching Post Keynesian Economics
EditorsJesper Jespersen, Mogens Ove Madsen
Place of PublicationCheltenham, UK
PublisherEdward Elgar Publishing
Publication date2013
Pages150-162
Chapter9
ISBN (Print)978-1-78254-699-3
ISBN (Electronic)978-1-78254-700-6
Publication statusPublished - 2013

Keywords

  • economics

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