Read: The Economics Anti-Textbook

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Teaching evaluations are just in and it does not look bad. The changes I implemented during the last fall term had some positive impact. Though there is still room for improvements, and I already have a few ideas… I am a bit surprised though that there are some students demanding “more math (it is ultimately economics)” – these were principles courses. Given the huge heterogeneity in math skills this is not going to happen! And I also don’t think there is much to be gained by applying math to the over-simplified models of a first year principles course in economics. For grad school they should rather take dedicated math courses.

Indeed, I rather want to strengthen the discussion part of the course, the critical reflection of the theory.

Enter the Economics Anti-Textbook: A Critical Thinker’s Guide to Microeconomics by Rod Hill and Tony Myatt. The Anti-textbook is a great source for inspiration for such in-class-discussions. It provides a nice anti-thesis to the standard neoclassical textbook treatment, it makes the underlying value judgments explicit, and it provides an antipole to the doctrine of fundamentalist free-market theory (see Jim Stanford in Labour/Le Travail for a review that mirrors my own sentiment of the book quite well).

Much of their critique is not new. However, they provide a very accessible juxtaposition of orthodox and heterodox views, and a set of very thought provoking questions that should get the discussion started after students were treated with the standard view in class. Hence, this is where some of the ideas for next fall will come from.

I like this anti-textbook much more than Steve Keen’s Debunking Economics (that I also mentioned to the more curious students this fall). The anti-textbook is accessible and perfectly suited as a companion for a microeconomics principles course (a macroeconomics equivalent is still in planning). Thus it will be included in my recommended readings list in the future.