THE TEACHING ECONOMIST - William A. McEachern                 

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Issue 9, Spring 1995

William A. McEachern, Editor

Odds and Ends

  • A comparison of the number of students in principles of economics courses with the number of undergraduate economics degrees awarded annually suggests that only about one student out of a class of thirty principles students will go on to major in economics. So the principles student who goes on is the rare exception. Should this information affect the way we teach the principles course?

  • In the Spring 1994 issue of The Teaching Economist, Isummarized a study by Larry White of NYU on how Ph.D. programs assess teachereffectiveness. That study has now been published in the Winter 1995issue of the Journal of Economic Education (pp. 81-85).

  • In 1980, The Journal of Economic Education was ranked 50th out of 108 journals in terms of the number of times it was cited in economics literature. By 1990, it had jumped to 27th out of 130 journals listed.

  • "One of the greatest pains to human nature is the pain of a new idea."
    -Walter Bagehot

  • "Economic progress, in capitalist society, means turmoil."
    -Joseph A. Schumpeter

  • "The man with a new idea is a crank until the idea succeeds."
    -Mark Twain

  • "It is by teaching that we teach ourselves, by relating that we observe, by affirming that we examine, by showing that we look, by writing that we think, by pumping that we draw water into the well."
    -Henri-Frédéric Amiel
    (Swiss philosopher and poet)

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