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Teaching the Ethical Foundations of Economics

Teaching the Ethical Foundations of Economics (TEFE) is a publication of the National Council on Economic Education (NCEE). NCEE works through state councils and affiliated collegiate centers with the principal purpose of improving K–12 economic education. The typical collegiate center is located within a department of economics and reaches out to K–12 educators in its geographic area. TEFE is designed as a resource for high school courses in economics. Because there is so little explicit ethical content in post-secondary course materials, I explored TEFE with an eye on its potential for college courses, particularly at the principles level. (While overt or explicit ethical content in economics is modest, our moral messages at the implicit level, such as affirming utilitarianism and individualism, are quite substantial.) The ten lessons (chapters) of TEFE ask: