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Winter 2021

ISSN 0890-913X

Volume 36, Number 4

Categories: Winter 2021 | Economic Education

Examining the Impact of Economics Education on Young Americans’ Attitudes about the Economy and Economic Institutions

Sean Alley, Tennessee Tech University

Mark Melichar, Nebraska Wesleyan University

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TheJournalofPrivateEnterprise36(4),2021,21–44ExaminingtheImpactofEconomicsEducationonYoungAmericans’AttitudesabouttheEconomyandEconomicInstitutionsSeanAlleyTennesseeTechUniversityMarkMelicharNebraskaWesleyanUniversity______________________________________________________AbstractSurveyshaveshownrisingsupportforsocialismamongyoungadults.Responsesindicatethisshiftcouldbeduetoamistakenunderstandingofbasiceconomics.Weaskwhetherourstudentsharborthesamebeliefs,andifeducationinprinciplesofeconomicschangesstudents’beliefs.OursurveyrevealsthatyoungadultsintheUSarenothomogeneous.Wealsofindasemesterofeconomicshasasignificanteffectoneconomicknowledgeandbeliefsregardingpublicpolicy.Basiceconomiceducationleadstoamoreaccurateviewoftheeconomyandmoreoptimisticviewofthefuture,butthesechangesareonlypartlypersistent.______________________________________________________JELCodes:A00Keywords:economicseducation,economicattitudes,undergraduateteachingI.IntroductionSince2000,HarvardUniversity’sInstituteofPolitics(IOP)hasperiodicallyadministeredtheSurveyofYoungAmericans’AttitudestowardPoliticsandPublicService.RecenteditionsdisplayevidencethatmillennialsandGenerationZvieweconomicswithincreasingdisfavor.Giventhateconomicfreedomisofparamountimportancetosocietyandthatattitudesaboutfreemarketinstitutionsarecloselytiedtotheinstitutions’longevity,thesurveyresultsareintriguingandalarming.Whenaskedwhethertheysupportcapitalism,mostyoungAmericanssaidtheydidnot.Specifically,only42percentofrecentrespondentssupportedcapitalism,while33percentsupportedsocialism(HarvardIOP2016).Interestingly,though,someresultsindicatethattherespondentshadanincomplete,incorrect,or

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Title	Examining the Impact of Economics Education on Young Americans’ Attitudes about the Economy and Economic Institutions
Authors/Creators:	Sean Alley, Tennessee Tech University Mark Melichar, Nebraska Wesleyan University
Year:	2021
Volume:	36
Number:	4
Pages:	21 - 44
Publisher:	The Association of Private Enterprise Education
ISSN:	0890-913X
Document Type:	Articles
Keywords:	economics education, economic attitudes, undergraduate teaching

Citation:
Alley, Sean; Melichar, Mark / 2021. "Examining the Impact of Economics Education on Young Americans’ Attitudes about the Economy and Economic Institutions." The Journal of Private Enterprise, 36(4): 21-44.