Artikel
Why economics textbooks should, but don't, and won't, change
The standard textbook presentation of many policy issues, such as the financial crisis and income distribution, is problematic. This view is shared by many economists, both mainstream and heterodox. Despite this agreement, it has not and will not change because the textbook presentations have become institutionalized, and are intricately connected to the existing institutional structure. This paper explains why that is the case, arguing that we should not expect the economics profession to exhibit a composite rationality as economists focus on local incentives tied to existing institutional structures. It discusses how presenting policy within a complexity frame may make it more likely that, if the stars align just right, change will be more likely.
- Language
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Englisch
- Bibliographic citation
-
Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ; ISSN: 2052-7772 ; Volume: 12 ; Year: 2015 ; Issue: 2 ; Pages: 229-235
- Classification
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Wirtschaft
- Subject
-
complexity
teaching
principles of economics
textbooks
heterodox
- Event
-
Geistige Schöpfung
- (who)
-
Colander, David
- Event
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Veröffentlichung
- (who)
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Edward Elgar Publishing
- (where)
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Cheltenham
- (when)
-
2015
- DOI
-
doi:10.4337/ejeep.2015.02.08
- Handle
- Last update
-
10.03.2025, 11:42 AM CET
Data provider
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Colander, David
- Edward Elgar Publishing
Time of origin
- 2015
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