Edited by Franklin G. Mixon and Richard J. Cebula
This innovative book offers targeted strategies for effectively and efficiently teaching economics at both undergraduate and postgraduate levels. It provides professors and other teachers of economics various techniques to engage and retain the interest of students, and challenges them to apply both knowledge and methodological tools to a range of economic problems.
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Chapter 5: Crony capitalism in The Gilded Age by Twain and Warner and its relevance for today
The novel The Gilded Age, A Tale of Today by Mark Twain and Charles Dudley Warner tells the tale of crony capitalism in the United States after the Civil War and is the book that gave 'The Gilded Age' era its name. The chapter uses the public choice framework to analyse themes in the novel and provides various excerpts and assignments that could be incorporated into an undergraduate upper-level field course, such as Public Choice, Public Sector Economics or United States Economic History. Examples from the novel are compared to real-world events in the United States, showing parallels between today's economy and the roots of the so-called Progressive Era.
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