ERIC Number: EJ1042634
Record Type: Journal
Publication Date: 2014
Pages: 10
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-0022-0485
EISSN: N/A
Available Date: N/A
Father Knows Best: Using Adam Smith to Teach Transactions Costs
Dupont, Brandon
Journal of Economic Education, v45 n4 p320-329 2014
Adam Smith's moral philosophy can be used to introduce economics students to the important idea of transactions costs. The author provides a brief background in this article to Smith's moral philosophy and connects it to the costs of transacting in a way that fits easily into the standard principles of microeconomics classroom. By doing so, instructors can also demonstrate to students that there are connections between ethical behavior and market outcomes.
Descriptors: Costs, Economics Education, Economics, Operating Expenses, Moral Values, Microeconomics, Educational Principles, Classroom Techniques, Ethics, Social Behavior, Teaching Methods, Educational Practices, Educational Strategies, Marketing, Educational Philosophy
Routledge. Available from: Taylor & Francis, Ltd. 325 Chestnut Street Suite 800, Philadelphia, PA 19106. Tel: 800-354-1420; Fax: 215-625-2940; Web site: http://www.tandf.co.uk/journals
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A
Author Affiliations: N/A