Starting a discussion of the supply curve or price elasticity of demand can be a good way to clear out a crowded room. But does tuning out economics come at a cost?
For most Americans, a mandatory high school or college introductory course constitutes the extent of their economic training. However, though we may choose to leave economics alone after we have left the classroom, economic forces don't stop exerting a powerful influence on our daily lives.
The Wall Street Journal Online asked bloggers Russell Roberts, a professor of economics at George Mason University, and William Polley, an economics professor at Western Illinois University, to discuss what the public doesn't know about economics, and whether and how that knowledge gap might hurt.
Here is a link to the discussion titled "Knowledge Deficit"
Russell Roberts is professor of economics at George Mason University and he regularly blogs over at "Cafe Hayek" with his colleague Don Boudreaux.
William Poley is an assistant professor of economics at Western Illinois University. He dishes out economic commentary over at his blog "William J. Polley".