Abstract
Money and banking students typically begin class assuming that markets fail routinely and that government regulation can prevent (or resolve) crises. We show that there is at least a reasonable doubt that financial intervention causes more harm than good. We then share a successful pedagogical approach to examining financial regulation, through the lens of three models of political economy: public interest, Austrian economics, and public choice theory. We examine nine categories of financial regulation using the standard public interest approach, integrated with Austrian and public choice critiques, to guide students through a critical assessment of financial regulation.
Recommended Citation
(2026)
"Beyond the Romance: Teaching Financial Regulation with Public Choice and Austrian Economics,"
Journal of Economics and Finance Education: Vol. 21:
Iss.
1, Article 5.
Available at:
https://scholarship.rollins.edu/jefe/vol21/iss1/5
