May 12, 2006
News & Opinion: Economics Literacy
In the April issue, Moyer's article is titled "Basic Training". It is a short piece about how we as businesspeople could all you a refresher course in economics. Moyer says:
In their excellent book Common Sense Economics by James Gwartney, Richard Stroup, and Dwight Lee asserts that "a nation of economic illiterates is unlikely to remain prosperous for very long." Such books are worth reading not because they introduce new thinking, but because they reinforce the foundation on which we build our own new thinking. The label "Economics 101" is generally viewed as disparaging. But who among us wouldn't benefit from a refresher course?