John Taylor has found that entertaining his students is an effective tool for economic education in his classroom teaching. The success of Freakonomics has demonstrated that how we package the economic toolkit can be not only educational but profitable. In this paper, it is demonstrated how the...

1. Friedman's Essays in positive economics : logical consistency and validity -- 2. The singularity of Friedman's conception of the positive-normative distinction -- 3. The disappearance of the normative framework from Walras's economics -- 4. Friedman's method for doing positive economics -- 5....

This case study, intended as a teaching exercise, highlights the problems of contracting in a world of great uncertainty. Streetwatch is a startup company seeking financing, and the CEO has received two offers for investment, each with its own advantages and disadvantages. The case highlights...