This interview is part of our “Econ Extra Credit” project, where we read an introductory economics textbook provided by the nonprofit Core-Econ together with our listeners. When you think of taking an ...
In the nineteen-forties, when the Massachusetts Institute of Technology was considering adopting a new economics textbook, the school’s president received warnings about the book’s author: “It is ...
For students, what a textbook says is ground truth. But for nearly 15 years, leading introductory economics textbooks gave students an outdated or incomplete explanation of how the Federal Reserve ...
Studying the economics of war reveals how some democracies start wars and commit human rights abuses while corporations ...
The diagram above represents the standard economics textbook presentation of the effects of minimum wage laws that artificially raise wages for low-skilled workers (to $7.25 an hour in this case) ...