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What Profit in Teaching Economics?
Author(s) -
Parker David
Publication year - 1986
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1986.tb01829.x
Subject(s) - newcastle upon tyne , profit (economics) , economics , schools of economic thought , neoclassical economics , for profit , management , classical economics , economic history
The role of profit in stimulating entrepreneurial discovery is often misrepresented in economics teaching in schools at worst as capitalist greed and at best is usually ignored. David Parker, Senior Lecturer in Business Economics at the Polytechnic of Newcastle upon Tyne, considers the history of profit in economic analysis and calls for a fundamental re‐appraisal of its importance.