Debt Economics: The Need to Include it as Part of Basic Economic Instruction And/Or Curricula

24 Pages Posted: 19 Aug 2003

Date Written: July 24, 2003

Abstract

Over the past four decades, the growth of the economy has been increasingly dependent on the use of private debt to stimulate consumer buying and create the necessary incentives for building additional productive capacity and increased speculative activity. The purpose of this article is to discuss the impact which debt, especially mortgage and consumer debt, is having on economic growth, to emphasize the increasing need to include debt economics as part of our basic economic instruction and/or curricula, and to suggest a few principles and relationships that might be considered as a starting point to include in a section or chapter on debt economics for our basic economic textbooks.

Suggested Citation

Bowen, Barton R., Debt Economics: The Need to Include it as Part of Basic Economic Instruction And/Or Curricula (July 24, 2003). Available at SSRN: https://ssrn.com/abstract=431440

Barton R. Bowen (Contact Author)

Mesa Community College ( email )

1833 West Southern Avenue, SC 14
Chandler, AZ 85202
United States
480-786-0239 (Phone)

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