Guest editorial
Teaching social economics during the global financial crisis
Dear Reader,
It is with great pleasure to announce that you are holding, hopefully, with the intention to
read the Special Issue of the International Journal of Social Economics with the theme
“Teaching Social Economics during the Global Financial Crisis,” edited by the Associate
Editor of the journal, Professor John Marangos.
The current literature on the global financial crisis (GFC) focuses mostly on the causes of
the crisis and the economic and social impact on the international economy without
adequate attention being paid to the impact and the challenges of the GFC on the teaching of
social economics. Economics by definition is “social economics” and as such papers from all
paradigms of economics were considered for possible publication, as long as, the main
theme dealt with the teaching of economics. Thus, in the first review by the editor of the
special issue some papers were rejected.
Papers that passed the first review by the editor of the special issue were reviewed by a
minimum two anonymous referees following the double-blind review process. After
requesting a revise and resubmit six papers were accepted for publication. The paper
submitted by the editor of the special issue was assigned to the editor of the journal for
review to avoid any bias and after acceptance it was placed last in the table of contents of
the journal issue.
The papers examine and explicitly deal with teaching issues of socio-economic theory
and practice during the GFC. Researchers aim to demonstrate innovative approaches to
incorporating the GFC in their teaching and the impact of those innovative approaches on
student learning. The papers examine and question the prevailing consensus in teaching
economics and, as such, illustrate alternative teaching strategies incorporating the crisis for
the benefit of student learning. The teaching methodology adopted in the papers was social,
holistic, historical, dynamic and comparative in nature.
The primary objective first paper, “Teaching social economics: bringing the real world into
the classroom and taking the classroom into the real world” by Christine Farias and Fabian
Balardini, is to help students understand that the economy should be seen as a social system
that evolves over time driven by conflictive and contradictory forces. Students understanding
the economy in this way would be able to develop the critical thinking skills needed to make
better choices for a more equitable and sustainable future. A historical/critical/action-learning
approach adopted and five pedagogical teaching methods that were implemented in
undergraduate economics courses demonstrate how teaching social economics can be made
possible by bringing the real world into the classroom and taking the classroom into the real
world. A collaborative learning environment provides much-needed change in how social
economics can be taught after the GFC.
The second paper, “What Economics Education is Missing: The Real World” by Stephan
Pühringer and Lukas Bäuerle, is based on the documentary method, a qualitative empirical
method, which combines maximum openness about the collection of empirical material and
International Journal of Social
Economics
Vol. 46 No. 8, 2019
pp. 957-959
© Emerald Publishing Limited
0306-8293
DOI 10.1108/IJSE-08-2019-674
The author is grateful to people beyond the authors that made the special issue possible; reviewers who
provided useful recommendations in rejecting and revising papers, while the author maintaining their
anonymity, some reviewers went even beyond the call of duty; and the Editor of the journal Professor
James Connelly, who approved the idea of a special issue on teaching and the GFC, James Pearce the
Editorial Assistant and James Martin from Emerald.
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Guest editorial