On the Teaching of Financial Economics

Abstract

Samuelson's Economics textbook ruled economics teaching for the last 60 years. Economics has been a text that now three economists–Arjo Klamer, Deirdre McCloskey, and Stephan Ziliak–argue is “dogmatic, one-voiced, unethical.” Instead, Klamer et al. suggest that economics should be taught as conversation in which several aspects of the issues are presented. This article explores the premise of teaching finance as conversation between a professor and a class of four students.