Economic Education Quotes

Bin Laden comes out of a business background - he studied public administration and economics at university, and he worked for his family company, which was obviously a rather successful enterprise.

The masses have never believed in sophisms taught by economists, uttered more to confirm exploiters in their rights than to convert the exploited!

A citizen who casts his ballot without having to the best of his abilities studied as much economics as he can fails in his civic duties.

Most academic economists know nothing of economy. In fact, they know little of anything.

Most Americans don't know enough about basic economics to fill out one fortune cookie.

The laws of trade must be the great teacher.

Does a population have informed consent when that population is not taught the inner workings of its monetary system, and then is drawn, all unknowing, into economic adventures?

Central banking often comes across as obscure and complicated, and we try to help the public understand what we do.

High bankruptcy rates, increased credit card debt, and identity theft make it imperative that all of us take an active role in providing financial and economic education during all stages of one's life.

They say kids today don't know the value of a dollar. They certainly do know the value of a dollar. That's why they ask for five.

...even professors of economics, to say nothing of the public, do not generally have scientific minds.

Politicians exploit economic illiteracy.

I've felt for some time that economics needs to be taught differently by economists who actually have had experience making a payroll or investing on Wall Street. When economics is taught by pure academics, watch out.

In my opinion, the United States and many Western nations have a financial disaster coming, caused by our educational system’s failure to adequately provide a realistic financial education program for students.

If you're financially responsible, your children have a much better chance to grow up financially responsible.

Most citizens are consumers, not investors. They don't recognize the benefits to consumers that come from investment.

If ignorance paid dividends, most Americans could make a fortune out of what they don't know about economics.

Understanding the true causes of the Depression, as well as the real economic record of the United States in the 1930s, is an essential ingredient in anyone's economic and historical education.

I was an economics major in college, and every summer after school, I would drive my car from California, from Claremont men's college at the time, to New York. And I worked on Wall Street.

The oldest problem in economic education is how to exclude the incompetent. A certain glib mastery of verbiage-the ability to speak portentously and sententiously about the relation of money supply to the price level-is easy for the unlearned and may even be aided by a mildly enfeebled intellect. The requirement that there be ability to master difficult models, including ones for which mathematical competence is required, is a highly useful screening device.

The idea that we're going to austerity ourselves into prosperity is so mistaken, and honestly, I feel like one of the big problems we have is that, because Democrats don't have a deep understanding of or degrees in economics, they allow Wall Street folks to roll in the door and think that they're giving them an education.

We're supposed to worship Adam Smith but you're not supposed to read him. That's too dangerous.

Much of economics isn't difficult, or rather, the difficulty is in cooking up arguments to "prove" that commonsense conclusions are wrong. The fact is that many commonsense conclusions are quite correct, and it takes a lot of education to get you to believe different.

Many kids come out of college, they have a credit card and a diploma. They don't know how to buy a house or a car or health insurance or life insurance. They do not know basic microeconomics.