New Florida law requires high schoolers to take financial literacy class

Well, if my idea of an opt out for kids with jobs were honored, that would be perfect fit: Weakest link bores kids to tears...they get a job to avoid the boredom.

 

I presume those figures are better studied in philosophy, political science, or history courses. It's just like Freud on Psychology. He doesn't have much relevance to the science of Psychology, but arguably still has value as a philosopher.

 

To be honest this is a subject best taught by parents but too many parents are too young to have learned themselves or are the same types of parents who don't properly parent their kids anyway.

 

Keynes?

 

There is an argument out there that macroeconomics is more useful with more philosophy and less math.

 

I would use the term “free enterprise” rather than capitalism. They overlap substantially but not completely and I think the area the terms do not overlap is significant for this discussion

 

He doesn't show up at all. Most of the still relevant formalizations of economic issues, etc have come since the 1950s. 2 examples that come to mind

1. public goods. notion existed, but was not formalized until the 50s & the guy got a nobel prize for it.
2. time inconsistency problems. notion had been around - in fact, I took a class with a guy who first wrote about, but he didn't have the analytical chops to formalize it. 2 guys who did got nobel prizes.

econ puts a lot stock in hard boiled analysis

 

Never mind. It’s micro. I missed that. I wouldn’t expect any of the names you mention to show up in micro. I will defer to you; I’m just a casual reader. But my understanding is that the contributions to economic discourse from all of those figures would be solely on the macro side. But I’m happy to be corrected.

 

I have heard it, but can't comment.

Dale Denslow was my professor for micro economics and be seemed to believe strongly in the Math side of things. But I really can't comment further.

 

Math certainly is the gatekeeper to precision in conclusions, although it’s also a limiting principle to broader conclusions. But in terms of being useful for organizing society, to be intuited by policymakers and to a lesser extent the voting demos, philosophy and limited narrative is far more useful and arguably necessary.

 

kinda shows my bias. I do not have a single Macro book. My wife teaches a lot of monetary policy, international trade, international econ. I'm sure she has macro books at her office. surprised to have none. I would not expect much of those names there (prob Keynes).

 

I bet she has some opinions on PK

 

OK, just found a macro book online. Given the author, I assume it is widely used.

No Smith, No Capitalism, No Marx, No Marxism, some Keynes. I'll even show my work

https://jollygreengeneral.typepad.com/files/n.-gregory-mankiw-macroeconomics-7th-edition-2009.pdf

 

what's PK?

 

Krugman

 

She does not always agree with him, but she likes his stuff.


as far as econ for the masses, I like this guy....it's been years since I've checked him out.

Greg Mankiw's Blog

 

Yea, I understand that book is the standard. It was always mentioned in passing in the political debates

 

I also like DeLong for lay reading. Have Slouching Towards Utopia but have not gotten to yet

 

Place kicking.

 

In high school we had a class called comparative political systems. I recall one day when me and a couple of less than motivated friends decided to draw a picture on my desk of the teacher (I was a respectable drawer) playing golf alongside Adolf Hitler, with the teacher saying “your shot Adolph”. Amazingly we didn’t get in trouble for it. The next day the teacher made vague reference to it saying he’d been called a conservative and a socialist but never a nazi.