WASHINGTON, Nov. 15, 2016 /PRNewswire-USNewswire/ -- In high schools across the world, most students graduate without any exposure to the concepts of market economics. The Lithuanian Free Market Institute (LFMI), based in Vilnius, sought to change that by developing its Economics in 31 Hours textbook, which has been awarded this year's prestigious Templeton Freedom Award. The award, generously supported by the Templeton Religion Trust, was presented during Atlas Network's Freedom Dinner on Nov. 10 in New York City at the historic Capitale.
"The importance of economic thinking cannot be underestimated," said Žilvinas Šilenas, CEO of Lithuanian Free Market Institute. "Our individual and societal well-being depends on it. Unfortunately, economic education in schools is shallow at best, and incorrect at worst. Our aspiration is to win the battle for freedom of young minds. We are happy we have accomplished so much in pursuing this goal in an area where free-market ideas normally are not heard, in public schools and within the national school curriculum."