In this week’s Pope Center Clarion Call, Prof. Kelly Markson, who teaches economics at Wake Tech Community College in Raleigh, discusses what works and what doesn’t with students.
What doesn’t work: a mathematical approach that bewilders many students with equations and graphs.
What does work: a logical approach emphasizing the logic of individual decision making. (That is natural for those who learned economics through the methodological individualism of the Austrians, but not natural for people whose early upbringing in economics was based on the Keynesian proclivity for aggregating everything.)
The book she uses, by the way, is Common Sense Economics by James Gwartney, Dwight Lee, and Richard Stroup.
Not only will Professor Markson’s approach get far more students interested in the subject, it will enable them to see through the macroeconomic nonsense that passes for wisdom among most politicians and commentators today.






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