As students walk into their first ECO 100: Introduction to Microeconomics lecture at Princeton, they are unknowingly stepping into a classroom where economic theory trumps economic reality. The tenor ...

This article picked by a teacher with suggested questions is part of the Financial Times free schools access programme.

Once relegated to the junk heap of economic ideas by mainstream policymakers, industrial policies, or state actions to change the composition of economic activity, are making a comeback. In the United ...