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Peer reviewedBryant, William D. A. – Journal of Economic Education, 1997
Maintains that most graduate-level economics textbooks rarely mention the need for consumers to be above their minimum wealth position as a condition for market equilibrium. Argues that this omission leaves students with a mistaken sense about the range of circumstances under which market equilibria can exist. (MJP)
Descriptors: Business Cycles, Consumer Economics, Conventional Instruction, Economic Climate
