In this article, we argue that when teaching about and for social and environmental justice, teachers need to move beyond promoting individual behavior changes as a primary means to counter complex, global problems. Further, we advocate for a more robust strategy for teaching about and for social and environmental justice that not only raises…

In this article, the author discusses the nexus between what educators and a central banker do. At first glance, it might seem as if there is not much commonality. He suggests that what educators do matters to the Fed, and what the Fed does matters to educators, and touches briefly on some of the reasons why. He proposes that as educators and…

The U.S. economy took a historic nosedive in 2007-2010. It was the worst downturn since the Great Depression of the 1930s. However, evidence is emerging which suggests the country is in the midst of an economic recovery. In February 2010, the U.S. Commerce Department reported that GDP rose at a 5.9 percent annual rate in October through December…

Debates over how to promote a healthy economy are pervasive once more, after decades when it seemed such debates had been put to rest. The market meltdown of 2008 ended a long string of years in which monetary policy reigned supreme. Monetary policy is the regulation of money and the banking system to influence economic variables. Its adherents,…

At the time of their independence, the structure of higher education, curriculum content, governance, and admissions procedures were more or less identical across the fifteen republics of the former Soviet Union. Since independence there have been multiple changes, but often these have been quite similar in nature. There has been a move toward…

Examines corresponding bank terms in Canadian and American usage. (AM)

Discusses how banks brave enough to go against conventional wisdom, which says that customers should pay for everything, could end up with greater profits and more customer satisfaction by exchanging free minimum services for minimum reasonable balances. (RM)

The Federal Reserve makes mistakes in monetary policy and causes business cycles. A free market solution to the failure of central economic planning is competition in money and banking. A second currency, the "Gold Eagle," should be issued and allowed to compete with the dollar. (SR)

Economics can be a tough subject, so good teachers find creative ways to teach it. However, only a few economic literacy programs promote "an economic way of thinking" and teach students how to analyze relevant economic problems, says Burton Folsom. Having examined several economic education programs, the author has found that many…

In the deregulatory fervor of the 1980's, the distinction between banks, nonbank depositories, and nondepository firms is becoming less clear as each tries to expand its activities in the emerging financial services industry. (RM)

Government must act more fiscally responsible. The government must put the brakes on an economy it has allowed to run free, and citizens must be willing to support a government that will act tough in the domestic market in order to lower interest rates, reduce inflationary pressure, and increase employment. (Author/RM)

A former employee of the World Bank discusses the logic behind multilateral development banks and how they operate, bank ideology and the nature of policy formation, educational and other reforms as loan conditions, the inability of development banks to enforce implementation of their policies in countries receiving loans, and whether the banks…

Describes the alternative financial sector, which provides low-income consumers with a range of services such as rental-purchase agreements, pawn shops, refund anticipation loans, postdated checks, money orders, and check cashing outlets. (JOW)

Relates the history of credit cards, their evolution to current forms, and innovations (debit cards, token cards, smart cards). Considers their sociocultural impact. Provides a design brief, including objectives, resources, evaluation criteria, outcomes, and a quiz. (SK)

In 1990, the Indian Finance Corporation Act died in committee for lack of Indian support. A model for an American Indian Development Bank is proposed, based on the International Finance Corporation of the World Bank. Two case studies illustrate how this model can meet Indian economic development needs. (SV)