The normative elements underlying efficiency are more complex than generally portrayed and rely upon ethical frameworks that are generally absent from classroom discussions. Most textbooks, for example, ignore the ethical differences between Pareto efficiency (based on voluntary win-win outcomes) and the modern Kaldor-Hicks efficiency used in…

While much work has been done to explicitly incorporate ethics and Catholic social thought into the business curriculum, comparatively little has been done in the field of economics. This paper attempts to fill that gap by arguing that integrating Heinrich Pesch's Solidarism into the standard economics curriculum seamlessly introduces Catholic…

As relatively new philosophical discipline, business ethics has sprang out from the business practice in the last quarter of the 20th century. Business ethics is focused on evaluation of business conduction of both individuals and corporations in the business world. Nowadays, in the public and academic milieu of the modern Western societies…

Adam Smith's moral philosophy can be used to introduce economics students to the important idea of transactions costs. The author provides a brief background in this article to Smith's moral philosophy and connects it to the costs of transacting in a way that fits easily into the standard principles of microeconomics classroom. By doing…

When highly visible lapses in ethics occur, education gets some of the blame. Principals in the U.S. subprime mortgage crisis and the Enron scandal had been educated at Harvard and other elite business schools, where professional and moral ideals had arguably been replaced by a focus on profits at the expense of ethics. A long-standing tradition…

In the course of the European Bologna process, the notion of employability becomes increasingly important for universities. Graduates are in particular employable, if they exactly possess those abilities and skills, which are required by employers. Studies show that in the context of recruiting university graduates, employers do not only pay…

Presents the results of a study where researchers noted the correct answers on quizzes, returned the quizzes and allowed students to grade them, and noted discrepancies in the scores. Reveals that cheating is unrelated to gender, religion, or overall grade point average, but positively associated with poor performance in class. (MJP)

This collection of 23 papers delivered by a diverse array of participants at a conference on elementary/secondary economics instruction reflects a concern that U.S. students have limited understanding of how or why the U.S. economy operates the way it does. The papers included are: "Economic Education: Leading the Way to Educational…

Maintains that many traditional economics classroom experiments unfairly label, deride, or denigrate altruistic behavior and moral motivation. Describes several in-class experiments, the prisoners' dilemma, dictator games, and double auction experiments and discusses their inherent bias against moral considerations. Examines the ethical problems…