Measuring Economic UnderstandingMeasuring Economic Understanding

The Foundation has a special interest in finding out what kind of economic education works best. From a contemporary and historical perspective, the Foundation has sponsored a variety of projects that measure economic understanding, and evaluates economic literacy projects.

Here are a few programs or this type we have funded:

Long Term Effects of Economics Learning

The Purdue Center for Economic Education in conjunction with several other major research universities undertook a study supported by the Foundation to determine how much an economic undergraduate degree impacts one’s life. By surveying different groups of graduates who majored in economics, business and other fields and comparing the results, the research hoped to determine what, if any part, of an economics undergraduate program adds to decision-making capabilities of adults.

From Marx to Markets

Economic teachers at the University of Nebraska and Purdue University received funding to publish From Marx to Markets, a book that looked at the changes that have taken place in economic instruction in the former Soviet Union since its break-up. The book examines the transformation of the former Soviet Union and the significant changes in economics instruction at major universities in the former Eastern Block.

Moral Consequence of Economic Growth

Professor Ben Friedman of Harvard received a grant to underwrite the study of the moral evolution of market-based economics. His findings suggest that a moral society evolves from market driven economics. His book, The Moral Consequences of Economic Growth, is partially the result of this research.