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Every well educated
person should thoroughly understand how to provide for himself and
his family. The family has many needs: spiritual, emotional, mental
and physical, and we must provide for each. In our society,
usually involves making and managing money on some level.
Depending on the division of labor in a household, a particular
person may not be directly involved in financial affairs but an
understanding of this aspect greatly enhances understanding of
financial constraints and requirements and allows the student to
make wise societal decisions.
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Understanding how
businesses work and the fundamental elements involved in providing
goods and services to customers from systems as simple as lemonade
stands, lawn mowing, recycling plastic bottles, baby sitting and
giving piano lessons to running complex organizations where things
like getting customers, making contracts, handling money, customer
service, human resources, following laws, paying taxes, insurance and
planning have to be attended to, is important to every person and
family in our modern society. A well educated modern individual should
grow up learning about marketing, accounting, planning, budgeting,
investing, business law, management and hard work and responsibility
so that taking care of these things is second nature and don't
interfere with enjoyment of life. We believe that students can
be taught in school, under parental oversight, to provide for
themselves, pay for their education and be wise and productive members
of society and put this into practice while in school. This
doesn't have to interfere with other school activities and should be a
large part of what school is all about.
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Why do people act as
they do? Real economics answers this question: each person has a
set of values, wants and needs, that motivate him or her to act as he
or she does at any given moment. We only really realize what
these values are when we see what people choose to do.
Understanding the principles that govern such activity allows us to
better anticipate others needs and actions and to plan in such a way
that we can all be better supplied and happier. The best system
we know for this supply is freedom constrained by a recognition of
certain personal rights under a limited government. A proper
understanding of economics guides the individual into the best action
and prevents harmful action.
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