Although the Index of Economic Freedom appears in many economic textbooks, their coverage of the index misses opportunities to teach statistical and policy-related concepts important for the principles course. The standard textbook presentation passes up an opportunity to examine the statistical issues of weighting in composite index numbers and…

The authors list economic concepts and issues covered in the children's books published by Theodor Geisel and discuss his treatment of concepts that appear most often and that are treated in greater depth. Some concepts are sophisticated and taught as formal concepts only in college-level economics courses. Others are basic and used in economics…

Recent trends that affect the U.S. system of industrial relations are examined. The most important of these is internationalization. The U.S. industrial relations system is compared with that of Europe and Japan, and suggestions for improving our competitiveness in international markets are made. (Author/RM)

The authors describe a classroom game that introduces the concept of compensating wage differentials by allowing students to negotiate over the assignment of jobs and wages. Two jobs are designed so that neither job requires special skills, but one is significantly more unpleasant than the other. By varying the job titles and duties, students can…

States that short-run production theory and U-shaped cost curves do not conform to industrial reality. Explores in detail the reality of manufacturing stating that fixed proportions seem more suited to describing short-run manufacturing processes. Addresses fixed proportions in short-run production and short-run cost functions. Includes…

Explores the importance of second-order conditions in the cost-minimization problem confronting the monopsonistic employer of factor inputs. Describes an alternative approach to the presence of pecuniary effects that does not depend on the assumption that firms are monopsonistic in factor markets. (CMK)

Advocates taking education from a labor-intensive emphasis to a capital-intensive emphasis. Argues this can be done through the classroom use of technology such as computers and VCRs. (RKM)

The origins of contemporary radical economics are examined. Applications of radical economics to price and value theory, labor segmentation theory, business cycles, industrial organization, government and business, imperialism and development, and comparative systems are reviewed. (Author/RM)