Values and the Economics Principles Courses

Abstract

Every economics teacher has probably wrestled with the problem of how to deal with values, and because of recent student demands for relevance this problem has become more troublesome. Professor Horton believes that economists should teach “only what we believe has been scientifically established” and “should not promote particular values or particular social decisions….” He asserts that values and goals should be considered in economic classes, however, and in this article he suggests a procedure for teaching a unit on values and goals.