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Fritzie -

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Should basic economics now be a required subject in high school and/or college?

For at least a couple of generations, high school students in the United States have been required to take a course in Government. Universities often require a course in American History and Institutions as well.
Part of the justification for this requirement is that one role of education is to prepare all young people to engage in civic life in an educated and active way.
Economics, however, has not been a requirement thus far at any level.
Has the time come for economic literacy to become a priority and requirement either in high school or at university or both?
I come to this question because there are so many issues that concerned citizens can understand and assist constructively in solving if they have an understanding of basic economics and would have much less leverage to contribute productively if they don't.

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  • Aug 3 2012: I don’t have any information about the behaviour of the Koch brothers and their companies So I can neither defend them or protest against them. What I found sad is that theese people were protesting against as a system and asking for government interventios, when government intervention was what caused most of the abuse on the first place.

    As they were calling for intervention in order to fight abuse, they were helping to set up the laywork for future greater abuses. They had no basic knowledge about free market, about setting the right incentives. Their efforts were then counter productive. Capitalism has many flaws. It is not a perfect system. It can be argued that it is not even a good system. It is “only” the best one we have found, by far.

    As mexican, the images of the movement reminded me of little kids in a piñata party, swinging their sticks into mid air wilie blindfolded. If they had a little economics education they would have gone stright to the piñata and, with a few bolows, released the candy for all of us.

    The energy of the young…wasted! Pity!

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