Friday, March 7, 2014
Students graduate without understanding basic economics
From Henry Manne’s 1997 article The Judiciary and Free Markets:
"Unfortunately, the truth is that in universities the world over, the tremendous analytical power and insights of market economics are unappreciated. For whatever political or ideological reasons, we have deprived generations of university students of a clear understanding of basic economic forces and their proper role in a free society."
In my opinion it is not possible to separate these three areas of knowledge; economics, politics, and history. To understand any one of these you must also understand the other two. There is an overlapping relationship between them and any student that graduates from any college without a solid grounding in economics, political science, and history is not educated.