Article Title

Textbook Confessions: Of Failures, Markets, and Government

Journal Title/Source

JOURNAL OF ECONOMICS AND FINANCE EDUCATION · Volume 15 · Number 2 · Summer2016

Publication Date

9-2016

Volume

15

Issue (if applicable)

2

Page Numbers

60-71

Document Type

Journal Article

Department

Economics

Abstract

Most undergraduate students come into contact with an economics class only in passing. The textbook will thus be the basis for their economic understanding, and what is included in these books will have a large influence on how they view the workings of the overall economy. Guided by the Council for Economic Education’s Voluntary National Content Standards, we show that most textbooks cover more extensively market failure than government failure, or even the government role as protector of property rights. We believe a more balanced approach provides an accurate view of the role government should play in a vibrant economy.

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