Politics without Romance: Government Failure in the Introductory Economics Course

AMY M. WILLIS, JOHN MORTON
THE JOURNAL OF PRIVATE ENTERPRISE 29.2 (2014): 111-128

Abstract: Although most high school and college principles of economics courses cover market failure extensively, they underemphasize government failure at best and often overlook it entirely. For example, four released Advanced Placement microeconomics exams have thirty-nine questions on market failure. The closest the exams come to questions on government failure are nine questions on price ceilings and floors. This paper explores the problem and offers suggestions for infusing public choice economics into the introductory economics course without the use of a textbook.