Dollars and Jens
Saturday, July 02, 2005
 
Folk Economics
I've been reading an interesting paper on "Folk Economics" — i.e., how untrained people think about economics (with some proposed reasons). To sum up, noneconomists underrate the importance of incentives and tend to view the world in zero-sum terms, paying more attention to wealth/income distribution and little or no attention to growth.

The article makes several references to The Blank Slate, which will probably move up on my reading list.

- posted by Steven @ 10:42 PM
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