Focusing on areas of contention, the author responds to "Principles of Economics Textbooks: Innovation and Product Differentiation" by Stiglitz. Contends that Stiglitz's description of principles textbooks is insufficient, states that the textbook market is more oligopolistic than monopolistic, and cautions writers against deleting parts…

Responding to "Observations on the Use of Textbooks in the Teaching of Principles of Economics," Dolan agrees with Boskin's appraisal of textbooks. Explains why texts share common faults and proposes possible means of alleviating them. Examines five constraints on textbook writers, stating that by changing them, authors can change their…

Discusses the problems presented by current principles of economics textbooks, proposing two theses: that the market for principles textbooks is one of monopolistic competition, and that it reflects certain market failures. Examines changes that are needed so that textbooks will reflect more adequately important changes in the economy and economic…

Maintains that a discussion of the Eurocurrency market is now a regular feature of most money and banking textbooks. Explains that the demand for Eurocurrency deposits stems, in part, from a transactions motive and recommends that this approach be added to textbook presentations on the subject. (CFR)