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Is current economic thought reflecte...

Sleeper, Jonathan A.

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Is current economic thought reflected in the principles textbook?

Record Type:	Electronic resources : Monograph/item
Title/Author:	Is current economic thought reflected in the principles textbook?/
Author:	Sleeper, Jonathan A.
Description:	208 p.
Notes:	Source: Dissertation Abstracts International, Volume: 68-02, Section: A, page: 0673.
Contained By:	Dissertation Abstracts International68-02A.
Subject:	Economics, History. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3252966

Is current economic thought reflected in the principles textbook?
Sleeper, Jonathan A.

Is current economic thought reflected in the principles textbook? - 208 p.

Source: Dissertation Abstracts International, Volume: 68-02, Section: A, page: 0673.

Thesis (D.A.)--George Mason University, 2007.

This study tracks changes in the textbook Keynesian model in the best-selling principles-of-economics textbook in the United States, McConnell & Brue, and compares it with the profession's textbook of record, Samuelson & Nordhaus. One major and two minor themes present themselves from the analysis: (a) Despite the forces of inertia and other factors that affect textbook composition, the principles textbook is a surprisingly accurate reflection of current events and the evolution of ideas in the economics profession, with a lag of 5 to 10 years. Ideas that appeared rapidly were usually the result of widespread public concern and current events. Concepts that took longer to appear tended to be those that did not meet the research and other needs of the mainstream; delays in acceptance also appear due to conflict with the Keynesian paradigm under which the author(s) and reviewers were trained. (b) The widespread adoption of aggregate demand-aggregate supply (AD--AS) analysis has loosened Samuelson's influence on the principles text because it permits direct classroom exposition of the fundamental question in economics: the length of time it takes the economy to self-adjust. (c) The best-selling principles textbook taught our students a 1960s Keynesian approach to deficits and debt. An analysis in the appendix found that the Nobel Prize is a lagging indicator and the Bates Clark award is a leading indicator of the productivity of prominent economists.Subjects--Topical Terms:

1017418
Economics, History.

Is current economic thought reflected in the principles textbook?
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100 1 $a Sleeper, Jonathan A. $3 1923780
245 1 0 $a Is current economic thought reflected in the principles textbook?
300 $a 208 p.
500 $a Source: Dissertation Abstracts International, Volume: 68-02, Section: A, page: 0673.
500 $a Adviser: Peter J. Boettke.
502 $a Thesis (D.A.)--George Mason University, 2007.
520 $a This study tracks changes in the textbook Keynesian model in the best-selling principles-of-economics textbook in the United States, McConnell & Brue, and compares it with the profession's textbook of record, Samuelson & Nordhaus. One major and two minor themes present themselves from the analysis: (a) Despite the forces of inertia and other factors that affect textbook composition, the principles textbook is a surprisingly accurate reflection of current events and the evolution of ideas in the economics profession, with a lag of 5 to 10 years. Ideas that appeared rapidly were usually the result of widespread public concern and current events. Concepts that took longer to appear tended to be those that did not meet the research and other needs of the mainstream; delays in acceptance also appear due to conflict with the Keynesian paradigm under which the author(s) and reviewers were trained. (b) The widespread adoption of aggregate demand-aggregate supply (AD--AS) analysis has loosened Samuelson's influence on the principles text because it permits direct classroom exposition of the fundamental question in economics: the length of time it takes the economy to self-adjust. (c) The best-selling principles textbook taught our students a 1960s Keynesian approach to deficits and debt. An analysis in the appendix found that the Nobel Prize is a lagging indicator and the Bates Clark award is a leading indicator of the productivity of prominent economists.
590 $a School code: 0883.
650 4 $a Economics, History. $3 1017418
650 4 $a Economics, Theory. $3 1017575
650 4 $a Education, Social Sciences. $3 1019148
690 $a 0509
690 $a 0511
690 $a 0534
710 2 0 $a George Mason University. $3 1019450
773 0 $t Dissertation Abstracts International $g 68-02A.
790 1 0 $a Boettke, Peter J., $e advisor
790 $a 0883
791 $a D.A.
792 $a 2007
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3252966