This excerpt of the author's address to the Business and Office Education Division of the American Vocational Association (1976 convention) presents a brief review of the background of the free enterprise system in America, how it affects the economy, why students should be taught the free enterprise system from their own point of view, and what…

A survey of 15 college economic principles texts revealed a startling lack of uniformity, clarity, and precision in discussion of the U.S. economy. Descriptors of the economy were considered either primary or secondary. Primary descriptors were the major terms used to identify the U.S. economy and were used explicitly in the text. Secondary…

To assist students in comparing living standards in the Soviet Union and Western Nations, a chart containing data from a 1982 survey of the retail prices of 179 selected consumer goods and services is provided. Prices were converted into worktime equivalents and the capital of each country, with the exception of Munich, was chosen to represent the…

Designed for high school economics students as a public service project of the American Fletcher National Bank, the booklet examines the fundamentals of the profit system in attempts to dispel common misconceptions held by students. A comparison is made between newspaper carriers and big business entrepreneurs by considering the risks made in…

Designed for high school economics students as a public service project of the American Fletcher National Bank, the booklet examines America's decreasing productivity rate in terms of the efficiency. Natural resources, labor, skilled management, and capital are essential to the productive process. When there is an increase in the cost of the…

Designed for high school economics students as a public service project of the American Fletcher National Bank, the booklet examines the American free enterprise system as it relates to the traditional lemonade stand and its ability to make a profit. The parallel is made by considering some basic principles: (1) the constant need for capital to…

Designed to parallel five student seminars televised over the Cable-Satellite Public Affairs Network (C-SPAN), this handbook provides an overview of current economic issues for high school students. Selections cover inflation, the crisis in American productivity, unemployment in the United States, global economic interdependence, and the role of…

Designed for high school economics students as a public service project of the American Fletcher National Bank, the booklet examines the "supply-side" philosophy of economics of the Reagan Administration as compared to the "demand-side" emphasis of the past. The manipulation of the nation's economy by raising or lowering…

Designed for high school economics students as a public service project of the American Fletcher National Bank, the booklet examines the heavy burdens placed on our political-economic system and compares our economy to an overloaded electrical system about to "blow a fuse." In the last two decades, America has become a self-indulgent…

Contends that education for work means more than simply a worker with a diploma; it requires a person who thinks creatively and is economically literate. Argues that students in the United States, by participating in the economy through part-time jobs, are prepared for life in a free enterprise economy. (CFR)