National Collegiate Honors Council

 

Date of this Version

Spring 2001

Comments

Published in the Journal of the National Collegiate Honors Council 2:1, Spring/Summer 2001. Copyright © 2001 by the National Collegiate Honors Council.

Abstract

I had a very disturbing experience a few months ago---Dne might almost call it a crisis of faith-while leafing through the financial pages of my daily newspaper. Confronted with column after column of virtually indecipherable NASDAQ, NYSE and AMEX stock quotations-and even more nonplussed by articles which made reference to such things as "put" and "call" options, small cap growth funds, and companies taking "poison pills" to avoid a hostile takeover-I realized in a flash of depressing insight that I was one of this nation's economic illiterates.