Economic education

Economic education is the training of people to understand, and gain proficiency at working with, economic principles. Several organizations, such as the Foundation for Economic Education, focus on the this goal. Business majors are generally required to take a few classes in economics, such as macroeconomics, microeconomics, and perhaps one sophomore- or junior-level economics class. Therefore, some classical liberals have sought to influence the rising generation by becoming teachers of such classes. However, economic education is not limited to the universities; lay scholars have also sought to put educational material on publicly-accessible Internet sites such as Wikipedia. Free Market Economics notes that simply setting a good example for one's children can make a great impression on them. Ludwig von Mises writes: Very few are capable of contributing any consequential idea to the body of economic thought. But all reasonable men are called upon to familiarize themselves with the teachings of economics. This is, in our age, the primary civic duty.

Whether we like it or not, it is a fact that economics cannot remain an esoteric branch of knowledge accessible only to small groups of scholars and specialists. Economics deals with society's fundamental problems; it concerns everyone and belongs to all. It is the main and proper study of every citizen.