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Critical Thinking and the Study of Economics

Author

Listed:
  • Todorova, Tamara
  • Ramachandran, Bharath

Abstract

Our paper does not study the rational man with his optimal choice, with his behavior once confronted with the problem of scarcity and resource allocation, nor does it study the man of cost-benefit analysis, the one of logical considerations, honest in his conclusions but free from emotional prejudice. We study the thinking man, the one who adds creativity, intuition and insightfulness to the process of investigating the economic world. The paper studies the logical man, the one of imagination who can combine various ideas and innovative processes into a coherent theory or piece of knowledge unobserved by others. It studies the observing man, the man of reality who investigates the economic system and does not feel comfortable having no explanations about some of its principles or elements. It studies the interrogating man, who consistently asks questions about why things are the way they are or how they evolve that way.

Suggested Citation

  • Todorova, Tamara & Ramachandran, Bharath, 2005. "Critical Thinking and the Study of Economics," EconStor Conference Papers 148647, ZBW - Leibniz Information Centre for Economics.
  • Handle: RePEc:zbw:esconf:148647
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    File URL: https://www.econstor.eu/bitstream/10419/148647/1/criticalthinkingandeconomics.pdf
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    More about this item

    Keywords

    Teaching of economics; Critical thinking;

    JEL classification:

    • A22 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - Undergraduate
    • A11 - General Economics and Teaching - - General Economics - - - Role of Economics; Role of Economists

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