Friday, May 7, 2010
The Volokh Conspiracy The Further Left You Are the Less You Know About Economics:: "Those identifying as “libertarian” and “very conservative” were the most knowledgeable about basic economics. Those identifying as “Progressive” and “Liberal” were the worst."
This explains so much.
I remember my Econ101 class, it was very annoying since I never really felt like I was learning anything. Some of the stuff seemed like it would make sense to know if I was a Fortune 500 CFO or SecTreas or a Fed banker but as an engineer, not so much.
I wish they had taught something more down to earth like how banks and credit cards really worked and how to buy a car and house.
Posted by Stephan at 12:09 PM