Int. J. Pluralism and Economics Education, Vol. X, No. Y, xxxx 1
Copyright © 20XX Inderscience Enterprises Ltd.
Unscripted economics in an industrial community
Marie Christine Duggan
Department of Economics,
Keene State College,
229 Main St., Keene, New Hampshire, USA
Email: mduggan@keene.edu
Abstract: One third of US manufacturing jobs disappeared between 2001 and
2009 and the conventional explanations (low wages overseas, robots taking
over) do not apply to the capital goods producers in Keene, New Hampshire,
where the author teaches. Local firms compete with high wage counterparts and
firms using robots hire people as well. De/reindustrialisation ascertains the
cause(s) of industrial contraction – or success. Students visit plants in the local
industrial base and conduct oral history interviews, analyse annual reports and
apply specific concepts of economic theory. The course is interdisciplinary,
involves undergraduate research and civic engagement and uses open education
assignments. Unscripted learning has proved the great motivator, as students
navigate their oral history interviews and the community presentation. The
course succeeds in motivating students and it serves the community, conveys
research skills and pushes the teacher to take economic theory in practical
directions.
Keywords: undergraduate research; open education; economics; community
engagement; service-learning; deindustrialisation; unscripted learning.
Reference to this paper should be made as follows: Duggan, M.C. (xxxx)
‘Unscripted economics in an industrial community’, Int. J. Pluralism and
Economics Education, Vol. X, No. Y, pp.xxx–xxx.
Biographical notes: Marie Christine Duggan has taught Economics at Keene
State College for 19 years. She received her PhD from the New School for
Social Research and writes for Dollars & Sense.
1 Introduction
One-third of US manufacturing jobs disappeared between 2001 and 2009 – roughly
5.6 million jobs – and in the decade since (2009 to 2018) only 1.2 million have returned.
1
This loss hit hard Keene, New Hampshire, where the author teaches. While many
attribute the decline to China’s low wage labour force, this community produces
precision technology and other capital goods, where the competitors are in high wage
nations such as Japan, Germany and Switzerland. Others argue that robots are replacing
people on the shop floor and yet national income and product accounts (NIPA) illustrate
that US firms invested 56% of their operating profits into new equipment in 2000, but
that figure fell steadily to 20% in 2003 and continued to a nadir of –7% in 2009,
recovering only to the 27% level in 2015, the best year for capital investment since 2009