Students say that inequality is the most pressing economic problem of the day, according to a paper by Samuel Bowles of the Santa Fe Institute and Wendy Carlin of University College, London. But in many textbooks, they argue, the topic is merely appended to the core curriculum. In 1993 a study found race and gender bias in introductory textbooks. A quarter of a century on, many are still found to underrepresent women. (The new survey did not consider race.
This is partly because improved pedagogy is being seen as a way to diversify the profession. KimMarie McGoldrick, who leads a committee on economics education for the American Economic Association ( AEA ), says that teaching used not to be a priority, which may have sapped efforts to entice students into the subject. Now the classroom is being seen as a place for a more active approach.
While you're here, how about this:
The brutal reality of dealing with China | Mar 20th 2021 | The Economist
Lycoming freshmen learn how to apply economics to their own self-growth | News, Sports, Jobs -
During the Fall semester of 2020, the first-year seminar, “Freakonomics,” was offered to incoming freshmen. Created and taught by Elizabeth Moorhouse, Ph.D., associate professor of economics at Lycoming College and chair of the department, the course provides students with an introduction to economics theories, and is meant to enhance the transition to and learning experience in college.
“Freakonomics” kicked off by introducing students to the field of economics. Moorhouse enhanced students’ learning experiences by integrating class content with news stories from National Public Radio and popular economics podcasts such as Drs. Stevenson and Wolfers’ “Think Like an Economist.
Free exchange - Why two former central bankers are talking about trust | Finance & economics
A FTER THE global financial crisis, people asked whether economists had not misunderstood something important about markets. The trying experience of recent years has some figures broadening the question, to ask whether economists have not failed to grasp something crucial about people.
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Parts of Mr Carney's argument are echoed in another new book, by Minouche Shafik, director of the London School of Economics, who served as one of Mr Carney's deputies at the Bank of England. Lady Shafik's book, "What We Owe Each Other", examines the role of the social contract and considers how changes in the global economy have undermined the function of the institutions societies rely on to keep the world a reasonably just place.
And here's another article:
Subscribe to read | Financial Times
Federal Reserve Meets as Economic Outlook Shifts - The New York Times
Mr. Powell and his colleagues have been clear that they want to see a job market that is back at full employment and inflation that is slightly above 2 percent and expected to stay there for some time before lifting interest rates .
The Fed is also buying $120 billion in bonds per month — $80 billion in Treasury securities, plus $40 billion in mortgage-backed debt. It has been less clear about the criteria for slowing those purchases.
The Fed's inflation estimates now suggest that price gains will rise to 2.1 percent by the end of 2023, at the same time as unemployment falls further and more quickly.
Bloomberg - Are you a robot?
More is sometimes enough - America's banks have too much cash | Finance & economics | The
W HEN BOND markets seized up in the spring of 2020 the problem was a shortage of cash. A global dash for dollars caused bond yields, which move inversely to prices, to spike. It sent the greenback soaring in currency markets. And it caused trading in Treasuries, usually the world's most liquid market, almost to dry up . Today the opposite problem looms: a surfeit of money. It stems from the Federal Reserve's response to last year's crisis.
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A central bank buying a bond for cash sounds like a simple swap of asset for asset. In fact it often swells the banking system. When the Fed buys assets in the secondary market, say from a pension fund, it cannot pay the fund with the electronic money it creates, because only banks can hold these so-called "reserves". Instead, the fund gets a newly created deposit at its bank, and the bank gets the newly created reserve at the Fed. The bank ends up bigger, with a new liability and a new asset.
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