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Answers are not enough, students should be encouraged to ask questions and explore alternatives to the norm. Entrepreneurship and invention are the backbone of the new economy, yet I doubt they get more than a nod in economics courses.

Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human condition.

People want to think of economics as a natural science, like physics, with the comforting reliability of simple-to-understand theories like F=MA. Unfortunately, it isn't. Economics is a social science, and the so-called theories are really social and moral constructs.

Yeah, but now suddenly - you know, universities are notoriously market oriented, too.

I went into the sciences very early on, but to me, economics pervades so much more of our lives and our existence.

The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.

I've felt for some time that economics needs to be taught differently by economists who actually have had experience making a payroll or investing on Wall Street. When economics is taught by pure academics, watch out.

Years ago, I noticed one thing about economics, and that is that economists didn't get anything right.