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The Impact of the Financial Crisis on the Content of Twelve Bestselling US Principles of Economics Textbooks – Cosmetic or Real Changes?


Poul Thois Madsen


Aalborg University - Department of Economics, Politics and Public Administration

January 16, 2013


Abstract:     
How have authors of twelve bestselling introductory US textbooks in economics responded to the traumatizing financial crisis? In general the financial crisis is described with a couple of lines here and there or it is dealt with in boxes, separate sections, or specific isolated chapters. Some of the textbooks distinguish themselves by also having made some modest qualitative changes of content as a reaction to the financial crisis (especially Colander 2010 and Krugman and Wells 2013). Applying my general analysis of the changes being made already in the twelve textbooks seen as a whole, I discuss how any introductory textbook could integrate the financial crisis more adequately into the general presentation, thereby hopefully contributing to enhancing the interest of the students.

Number of Pages in PDF File: 26

Keywords: financial crisis, economic textbooks, teaching economics

JEL Classification: A22, G01

working papers series


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Date posted: January 20, 2013  

Suggested Citation

Madsen, Poul Thois, The Impact of the Financial Crisis on the Content of Twelve Bestselling US Principles of Economics Textbooks – Cosmetic or Real Changes? (January 16, 2013). Available at SSRN: http://ssrn.com/abstract=2203749 or http://dx.doi.org/10.2139/ssrn.2203749

Contact Information

Poul Thois Madsen (Contact Author)
Aalborg University - Department of Economics, Politics and Public Administration ( email )
Aalborg, DK-9220
Denmark
+45 9940 7145 (Phone)
Feedback to SSRN (Beta)


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