What Should be Taught and Learned in Economics Classes (and Is It?)

JAMES D. GWARTNEY,  JANE S. SHAW
JOURNAL OF PRIVATE ENTERPRISE 24.1 (2013): 73-86

This paper highlights five major deficiencies of the introductory economics courses typically taught in the United States: (1) inattention to the key role of private ownership, (2) neglect of the competitive process, (3) lack of coverage of entrepreneurship, (4) neglect of the insights of public choice economics, and (5) inaccurate portrayal of economic central planning.