Another Link Between Economic Knowledge and Political Beliefs

At this point, readers may be familiar with a recently reported study finding that liberals and progressives were less economically “enlightened” than their conservative and libertarian counterparts. Now, another study conducted by the New York Federal Reserve found more interesting results connecting economic knowledge to political beliefs.

It seems, according to the study, that taking classes in economics also correlates with party affiliation. It found, among other things, the following:

… those who took more economics classes or who majored in economics or business were more likely to be members of the Republican party and less likely to join the Democratic party. Those findings hold even after controlling for the higher salary, higher equity in real estate holdings, and earning a graduate degree.

One question to ask would be if the political beliefs were pre-existant to the choice of classes. That might indicate that political beliefs influence choice in majors.

It would also be interesting to see a study looking at the party affiliation of political science majors. I’d imagine the results would be rather different.

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