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Economics: Diminishing Marginal Utility

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  • Matthew Drennan

Abstract

What has economics taught us over the past few decades? Serious contributions have been made, contends the author, but faith in free markets has displaced analysis of real markets. He argues that economics education needs to be changed.

Suggested Citation

  • Matthew Drennan, 2006. "Economics: Diminishing Marginal Utility," Challenge, Taylor & Francis Journals, vol. 49(5), pages 71-91.
    • Handle: RePEc:mes:challe:v:49:y:2006:i:5:p:71-91
    DOI: 10.2753/0577-5132490505
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    References listed on IDEAS

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    6. David Colander, 2001. "The Lost Art of Economics," Books, Edward Elgar Publishing, number 2415.
    7. Andrei Shleifer & Daniel Treisman, 2005. "A Normal Country: Russia After Communism," Journal of Economic Perspectives, American Economic Association, vol. 19(1), pages 151-174, Winter.
    8. Olivier Blanchard, 2001. "In Honor of Andrei Shleifer: Winner of the John Bates Clark Medal," Journal of Economic Perspectives, American Economic Association, vol. 15(1), pages 189-204, Winter.
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