What is The Senior Economist?
The Senior Economist is a publication of the National Council on
Economic Education which features an essay by a prominent economist
with three complete lesson plans for classroom use. The Senior Economist
is published four times per year--September, November, February, and
April. The Senior Economist provides current events activities to
supplement the teaching activities in Capstone: The Nation's High School
Economics Course and United States History: Eyes on the Economy--
publications of the National Council on Economic Education.
A subscription to The Senior Economist is $14.95 for first time
subscribers. If you are interested in receiving current or future issues of
The Senior Economist, you should write to the:
National Council on Economic Education
1140 Avenue of the Americas
New York, NY 10036
Or call toll-free 1-800-338-1192.
Here is a summary of a few recent issues:
Coming in April, 1996
Hang on for the April issue when we "go for the gold" and analyze the costs and benefits of
the 1996 Summer Olympics.
The February issue of The Senior Economist on Overpopulation features an insightful essay by Richard L. Stroup
and Jane S. Shaw entitled Is Great Population A Problem? They
present an analysis of the arguments of Malthusians and cornucopians
as they relate to population growth. This essay uses economic
reasoning to debunk some of the common myths about overpopulation. I
think that you and your students will enjoy it.
This issue also features first-rate teaching suggestions. Mary Anne
Pettit and Gil Rutman describe the "right stuff" and use these
criteria to analyze mysteries about economic growth in various
countries. Sandra Odorzynski uses statistics from ten counties to address
whether or not spaceship Earth is overbooked. Bill Holahan combines concepts
from biology and economics to take a fresh look at the tragedy of the
Be sure to look for our November 1995 issue. James Q. Wilson addresses the
economics of crime and John Morton and Jean Caldwell have prepared some
excellent lessons. In February, 1996 we plan to discuss the economics of
overpopulation with a lead essay from Richard Stroup and Jane Shaw. We will
finish the year in our April issue by "going for the gold" by addressing the
economics of the Summer Olympics with a lead essay by Jeffery M.
Humphreys of the University of Georgia.
The "Up in the Morning and Off to School" is now available and
features a lead essay on the economics of education
by Gary S. Becker, the winner of the 1992 Noble Prize. Becker stresses the
economic value of investments in human capital. This is a highly readable and
Next, Don Wentworth helps students solve the economic mystery: Since we
all know the high value of an education, why do students drop out of school
and why is academic achievement mediocre? Bonnie Meszaros and Barbara
Fournier use case studies of two young people and one employer to drive home
the importance of investments in human capital. Finally, Kym Husom and Bill
Duddleston use a series of tables about the economic and noneconomic value of
an education to debunk the claim by rock band Pink Floyd that "we don't
need no education."
Paul Heyne of the University of Washington provides us with a compelling essay
on the common moral criticisms of market systems. This is a must read
for students and teachers alike. Heyne draws a distinction between
selfishness and self interest and goes on to tackle people'smisgivings that markets appear to be overly competitive,
encourage the sense that we do everything for money and that market
systems are uncaring and impersonal. Practical teaching suggestions
are provided by Douglas Haskell, Breada Manger, Donald Wentworth,
Dennis Placone, and Harold Gilbert.
William J. Baumol of New York University presents a highly engaging
essay in which he explains why the cost of live theatre performance has risen
persistently and what can be done about it. Some creative teaching
activities are presented by Sarapage McCorkle, Mary Suiter, Phillip
J. VanFossen, Rita Littrell, and Michael Duckworth.
The November issue of The Senior Economist suggests that free and
open trade is the key to Middle East peace. Stanley Fischer of MIT
is the lead essayist. Trade based on comparative advantage creates
mutually beneficial economic gains and the resulting
interdependence can lead to greater political stability. Teaching
activities feature a trade simulation prepared by Michael Haupert and
a mystery solving activity prepared by Mike Ellerbrock, Lori Harris, and
Poverty and welfare is the subject of the fall, 1994 issue. It
features an essay by Isabel Sawhill of the Office of Management and Budget.
The specific focus is on the implications of the rising level of
poverty among children at a time when poverty among the elderly is
decreasing. This is a highly informative essay that has earned high
praise from our reviewers. Some highly engaging teaching activities
are presented by Gail Funk, Paul Ballew, Bert Okma, and James Leming.