New York Times Columnist Nicholas Kristof thinks understanding the basics of the economy will help you get far in life.
College students receive any number of recommended introductory courses. But according to New York Times columnist Nicholas Kristof, one of the key classes you might need to take to succeed in life might be an introductory economics course.
As part of the Marketplace Morning Report’s “Econ Extra Credit” project, host David Brancaccio spoke with Kristof about how an Econ 101 class can provide a student with a robust toolbox that could be used later in life to both understand and address larger issues like rent control or how to fund a tax cut.
“We’ve repeatedly mangled macro economic policy in the U.S.,” Kristof said. “It’s pretty obvious that even lawmakers kind of have no clue about really basic issues, like you know, what a fiscal stimulus is.”
Click on the player above to hear their conversation on the merits of Econ 101, as well as Kristof’s thoughts on how introductory economics has adapted to better reflect real world economic issues.
This interview is part of our “Econ Extra Credit” project, where we read a new introductory economics textbook provided by the non-profit Core-Econ together with our listeners. If you’d like to join us in this project, email MorningReport@marketplace.org and let us know you’re reading along with Marketplace through the end of Spring.
Naturally I worry that the participation rates will start high and end low, but the fact that they’re encouraging their listeners to expand themselves and delve a bit deeper than just listening to their show is fantastic.
And honestly, who couldn’t use an ECON refresher from time to time–particularly one that takes a dramatically different approach to the subject than the one many of us took?