There’s been a lot of hype about the latest issue of Foreign Policy Magazine. The cover story is called ‘A World Without Islam‘. But buried in that issue is a far more interesting story on European economic education.The article is a survey of European high-school economics textbooks. If you are from Canada or the states, you probably remember how stale our textbooks were – with chapters on macroeconomics, chapters on the history of corporations, and chapters on home spending. Boring but useful. The Buckley’s mixture of high school education.
In Europe, economics is far more colourful. Granted that colour is red. Here are a couple quotes from European economic textbooks:
Economic growth imposes a hectic form of life, producing overwork, stress, nervous depression, cardiovascular disease and, according to some, even the development of cancer
The past 20 years have “doubled wealth, doubled unemployment, poverty, and exclusion, whose ill effects constitute the background for a profound social malaise,” the text continues. Because the 21st century begins with “an awareness of the limits to growth and the risks posed to humanity [by economic growth],” any future prosperity “depends on the regulation of capitalism on a planetary scale.”
The article explains that these textbooks are imbuing students with anti-capitalism, and these beliefs are eventually having an impact on public policy and on economic success. When it comes to policy, the relationship is straightforward. If you’re taught that capitalism causes cancer, then you won’t be voting for the party that wants freer markets.
I was mildly surprised at how a biased economics education effects economic success, or rather affects economic failure:
Edmund Phelps, a Columbia University economist and Nobel laureate, contends that attitudes toward markets, work, and risk-taking are significantly more powerful in explaining the variation in countries’ actual economic performance than the traditional factors upon which economists focus, including social spending, tax rates, and labor-market regulation. The connection between capitalism and culture, once famously described by Max Weber, also helps explain continental Europe’s poor record in entrepreneurship and innovation. A study by the Massachusetts-based Monitor Group, the Entrepreneurship Benchmarking Index, looks at nine countries and finds a powerful correlation between attitudes about economics and actual corporate performance. The researchers find that attitudes explain 40 percent of the variation in start-up and company growth rates—by far the strongest correlation of any of the 31 indicators they tested.
You can read the rest of the article on-line.
On a COMPLETELY unrelated matter, here’s the latest draft IRP for British Columbia’s “Social Justice 12″ curriculum.
An IRP (Integrated Resource Packages) is a component of the provincially mandated school curriculum. Browse through it and you can witness the hobbling of my province. Why? Well, students will learn important life skills like how to:
identify a range of contributing factors to social injustice (e.g., fear, greed, poverty, alienation, apathy, conformity, ecological destruction, unequal distribution of or access to resources, limits on education, power imbalance, misuse of power and authority, ideology of competition, feelings of entitlement, differing belief systems)
[emphasis mine]
Read the rest of that here. Scroll down to ‘Social Studies’ and click on ‘Social Justice 12′.





















