I agree w/dan that marginal analysis is important; i always thought that
calculus was one of the most interesting and important courses i ever
took. it is probably least useful, however, when applied to economics.
i think that heilbroner and thurow's text provides plenty of the basics
w/o being overly silly. you then still have plenty of time to cover all
the interesting stuff you might want to cover.
let me also put in a plug for the new afit project that will look into
undergrad education and might possibly come up w/ an institutionalist text
that could be used. contact dan with your thoughts.
finally, for those few students who would go on to study grad econ, i
suggest a one semester course in neoclassical econ that would combine all
the techno micro stuff w/ an intro to islm (afterall, there is supposed
to be a synthesis even tho it makes almost no sense). that is what we do
at univ of denver--altho we do it at the interm. level and i think that
ideally you would do it at senior, advanced, level.
L. Randall Wray
Jerome Levy Economics Institute
Annandale on Hudson, NY 12504
email: [log in to unmask]