What an introduction to economics should be

Economics is criticized heavily for its simplistic modeling of human behavior and its overemphasis on the “miracles” competitive markets are supposed to perform. Judging from the typical introductory economics textbooks, I feel that there is plenty of room for an alternative presentation that puts at the center social cooperation, trust, collective goods, and the norms that support all these, before even discussing supply, demand, and the efficient allocation of resources. The presentation would then continue with standard economics topics, but with clear indications of the power AND limitations of each economic theory. Interactive examples should ideally be provided and comments by readers allowed.

I have started such a project which will be available online once completed. I will occasionally write update reports by posting on this blog.

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