Survey shows Capitalism ignored at many colleges
Since having a solid understanding of how business works tends to help one find a job, you’d think students would demand good courses on Capitalism.
Jessica Cruzan of The College Fix reports.
SURVEY: Capitalism Often Maligned, Ignored at Many Colleges
When the “Moral Foundations of Capitalism” class was axed at Stanford University last spring, news of its demise quickly went viral, with some questioning whether college students are ever taught anymore about the positive attributes of America’s free market system.
The answer to that? Not really.
A survey by The College Fix of 31 public and private universities across the nation found that the subject of capitalism is often either maligned, ignored, or taught from a perspective other than objective economics.
It would appear, based on the survey results, that the chances a humanities major takes a class that delves into capitalism is far more likely than a business major taking one. Out of the 60 classes uncovered, only six were economic elective classes geared toward an objective look at the most influential economic system in modern history.
The United States today is not really a free market. In fact, most economists, both those who favor a free market and those who favor a centrally controlled economy, call the U.S. a mixed economy – some aspects of a free market combined with government regulation.
While the workings of free markets underlie almost any basic economics course, capitalism as an economic system is not explicitly taught in macroeconomics, a class almost universally offered and required for business and economics majors.
So where do students learn about capitalism and all it entails?
The survey searched class titles and descriptions of online course catalogs. Of the 31 universities looked at, nearly half did not offer a course in any department that even mentioned capitalism.
Of the universities that did offer a class on capitalism, they were often either: negative in tone; focused on capitalism in countries other than the United States; or were takes on the economic system from perspectives other than a business one, such as through the lenses of the humanities.
SURVEY: Capitalism Often Maligned, Ignored at Many Colleges (The College Fix)