Advancing Pluralism in Teaching Economics 2018
DOI: 10.4324/9781315177809-12
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“Waging the war of ideas”

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“…The widespread acceptance of scarcity as a law of the market is a relatively recent development that came about in the 1870s with the marginalist revolution. Marginalism is the precursor of the neoclassical theory (Fine, 2019;Hunt & Lautzenheiser, 2015;Varoufakis et al, 2011) comprising mainstream economic thought and undergirding our K-12 and introductory university economics education (Adams, 2019a;Gans, 2015;Graupe, 2019;Shanks, 2018;Siegfried & Meszaros, 1998). Familiar concepts like supply and demand were codified at this time and first began appearing in textbooks (Marshall, 1961).…”
Section: The Marginalist Revolutionmentioning
confidence: 99%
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“…The widespread acceptance of scarcity as a law of the market is a relatively recent development that came about in the 1870s with the marginalist revolution. Marginalism is the precursor of the neoclassical theory (Fine, 2019;Hunt & Lautzenheiser, 2015;Varoufakis et al, 2011) comprising mainstream economic thought and undergirding our K-12 and introductory university economics education (Adams, 2019a;Gans, 2015;Graupe, 2019;Shanks, 2018;Siegfried & Meszaros, 1998). Familiar concepts like supply and demand were codified at this time and first began appearing in textbooks (Marshall, 1961).…”
Section: The Marginalist Revolutionmentioning
confidence: 99%
“…Third, the episodes above illuminate the need for “discerning economic citizens,” who work to “understand contemporary political, social, and economic issues by reading and analyzing a variety of media publications as a way of forming informed opinions about current and past events” (Crowley & Swan, 2018, p. 104). However, mainstream economics curriculum's ability to do this has been called into question (Decker et al, 2019; Gans, 2015; Graupe, 2019; Leontief, 1970; Maesse, 2019; Marglin, 2012; Marri et al, 2011) as has its compatibility with the civic aims of social studies education (Adams, 2019a) given its anti-social tendencies. It has been said to lack engagement with important, real-world socioeconomic issues including racism, poverty, and the social economy (King & Finley, 2015; Myers & Stocks, 2010; Romanish, 1983; Shanks & Hall, 2020) and has responded poorly to the 2008 recession (Adams, 2019b; Colander et al, 2009; Fischer et al, 2018; Merkel, 2014; Neumann, 2010; Varoufakis et al, 2011), Covid-19 (Gould & Wilson, 2020; Rho et al, 2020) and racial justice movements (Casselman & Tankersley, 2020; Opoku-Agyeman, 2020; Sadie Collective, 2020).…”
Section: Economics and Equitymentioning
confidence: 99%
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