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What Economics Should We Teach Before College, If Any?

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  • Helen Roberts
  • Deirdre N. McCloskey

Abstract

Economics can be taught much earlier than we usually imagine, as a life skill, with direct experience, from kindergarten on. An experiential, early-grades economics of budgets, buying, and giving-up-to-get may be better than the politically inspired insistence that students get an allegedly healthy dose of free-market ideology just before they are old enough to vote.

Suggested Citation

  • Helen Roberts & Deirdre N. McCloskey, 2012. "What Economics Should We Teach Before College, If Any?," The Journal of Economic Education, Taylor & Francis Journals, vol. 43(3), pages 293-299, July.
  • Handle: RePEc:taf:jeduce:v:43:y:2012:i:3:p:293-299 DOI: 10.1080/00220485.2012.686396
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    References listed on IDEAS

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    1. Annamaria Lusardi & Olivia S. Mitchell & Vilsa Curto, 2009. "Financial Literacy among the Young," Working Papers wp191, University of Michigan, Michigan Retirement Research Center.
    2. Annamaria Lusardi & Olivia S Mitchelli, 2007. "Financial Literacy and Retirement Preparedness: Evidence and Implications for Financial Education," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 42(1), pages 35-44, January.
    3. Richard H. Thaler & Cass R. Sunstein, 2003. "Libertarian Paternalism," American Economic Review, American Economic Association, pages 175-179.
    4. James J. Choi & David Laibson & Brigitte C. Madrian & Andrew Metrick, 2001. "Defined Contribution Pensions: Plan Rules, Participant Decisions, and the Path of Least Resistance," NBER Working Papers 8655, National Bureau of Economic Research, Inc.
    5. Annamaria Lusardi, 2007. "Household Saving Behavior: The Role of Literacy, Information and Financial Education Programs," CeRP Working Papers 65, Center for Research on Pensions and Welfare Policies, Turin (Italy).
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