Economics Textbooks Are Finally Getting a Vital Update


Economics Textbooks Are Finally Getting a Vital Update

By Peter Coy 
The New York Times
8 min
January 17, 2024


For students, what a textbook says is ground truth. But for nearly 15 years, leading introductory economics textbooks gave students an outdated or incomplete explanation of how the Federal Reserve conducts monetary policy. Only now are the textbooks catching up with reality, and some still haven’t fully embraced the new world.

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