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Louis DeBx

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Should economics be a mandatory class since elementary school?

In the most (maybe all) societies economics is one of the key logic that shapes social relationships, should we share the understanding of how the world works with them?

Since our youngest age, we are full of questions of how and why things work in a certain way. The economic system is a reality in which we live; should children given tools to understand it?

I believe that the fundamentals knowledge can be understood by young children. Supply and demand, market, risk understanding are finally very simple if they are introduce properly. Children hear of economics situation in math problems, geography, history, in literature readings and so o, without any formal class. Lack of understanding creates stress and lack of confidence in society.

Is elementary school to early?

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  • Dec 17 2011: Given the shape of economics today I would rather not see it taught to anyone much less innocent children.
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      Dec 18 2011: Hello Gordon,

      Thank you for your comment. Having a different opinion is always leading to more thinking :)

      I would like to start by ask you precision about your comments.
      When you talk about the current shape of economy, do you mean North America, Western countries or worldwide?

      If you are talking at a global scales living standard are constantly and globally increasing. Children can learn it with tools such as DHI from the United Nations Development Program. I do not see why teaching it may be problematic.

      Even if you are talking only about a specific part of the world that is in crisis, it is worse studying. In economics, crises are view as part of a normal long term cycle. If crisis are apprehend properly they should lead to change in the fundamental structures in the local economy towards activity where one can be competitive. Protectionism creates a temporary illusion that leads to a greater disaster when the barrier is failing. Reactivity can be therefore taught to children in order to give them the state of mind to adapt to any future situation they might encounter.
      I would love to have your feedback.
      • Dec 18 2011: The problem with economics is, I believe, worldwide.
        I see no problem in teaching kids the concepts that Krisztian refers to, knowing full well that most of them represent a fiction rather than reality.
        Economics, even as it is taught in first year university is a stylized fiction that has no relation to reality.
        It is at best a pseudo science on par with astrology or alchemy. Theories don't seem to advance with experience, are unrelated to real world situations and if pressed, contain more assumptions than intelligent design theories.

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