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Economic illiteracy among people
of all ages and walks of life is why there is a strong need for economic
education. In order to be a well informed citizen, citizens must understand
the consequences of government actions and we must learn that schools,
roads, and public health facilities are not "free." In addition,
we must all understand the consequences of the actions of private, as well
as public, decision making. We believe that economic education provided
by this center will help individuals make rational decisions and, after
being exposed to economic education, will have a better understanding of
how our economy works.
Stephen L. Shapiro
Professor of Economics and Center Director
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