Economic illiteracy.

[matgb]

Economics should be taught at a basic level right from age 11. Understanding the ruules of supply, demand, a free market and a free economy are essentials to get on in the modern world. Otherwise?

You get this sort of thing. Still, it killed time while I was eating lunch.

You either believe in a free society with markets, or you want a command/control economy where everything is fair and there's no dynamism or diversity. This little socialist gets it, why can't the 'normals'? Seriously, there are some obtuse people in there. Apparently, touts are killing live music? WTF?

ETA: Link fixed. OK?

Comments

[rhythmaning.livejournal.com]

I can't see the link (f-locked?) but I completely agree with you.

A basic understanding of markets is necessary to understand the way our society works - whether one agrees or disagrees with capitalism.

(Me, I think markets can explain just about everything, but then I am an accountant with an MBA... So I would, wouldn't I?)

[thapunkprincess.livejournal.com]

Is there such a thing as a 'basic understanding of markets', though? Why not 'a basic understanding of industrial relations' as the ground on which to 'understand the way our society works'?

[rhythmaning.livejournal.com]

I don't disagree with you at all; though I think an understanding of basic economics should come before an understanding of industrial relations, since the economics might inform the understanding of industrial relations.

Of course, it could be that I lack a sufficient understanding of industrial relations to support my argument...