Publication: Journal of Economic Education
Volume: Volume 29, No. 4
Issue: Fall 1998
Pages: 340-346
Author(s): Edward M. Scahill (University of Scranton)
Address (Principal Author):Edward M. Scahill, Associate Professor of Economics, University of Scranton, Scranton, PA 18510-4187, 717-941-4187, fax: 717-941-4342
Internet Address (Principal Author):ems353@jaguar.uofs.edu
Title: A Connecticut Yankee in Estonia
Abstract: Using a procedure from Mark Twain's A Connecticut Yankee in King Arthur's Court, the real incomes of United States and Estonian workers are compared. The application of Twain's logic to Estonia's (a small Baltic nation new to market) recent economic development affords instructors with colorful approach to teaching economic issues.
Key Words:real income, purchasing power parity, economic growthTo download a copy of this article, click here.