In response to:

Teaching Economics

bhan999 Wrote: Jul 06, 2012 3:32 PM
Well, duh! Jobs are exported because the Federal Reserve's creation of money and credit out of thin air removes all real limits on what we can buy from outside our borders as long as we can convince other nations that our money will be worth something in the future. In other words, we don't have to sell to China to get Chinese money so we can buy from China. As long as we can buy foreign goods without any foreign currency reserve constraints, we can buy from the lowest cost provider whenever we wish. This puts American workers into competition with Chinese peasants. Bingo! Their jobs disappear. Hail to the Federal Reserve! The most efficient job killer known to the history of the world.
Having taught economics at a number of colleges for a number of years, I especially welcomed a feature article in the June 22nd issue of The Chronicle of Higher Education, on how economics courses with the same name can be very different at different colleges. It can also be very different when the course is taught by professors in the same department who have different approaches.

The usefulness of the three approaches described in the article depends on what the introductory course is trying to accomplish.

One professor taught the subject through a steady diet of mathematical models. If the introductory economics course...