You Decide: Can Economics Help With Basic Decisions?


Last updated 4/8/2019 at 1:34pm

Economics sometimes suffers from a bad image. Economists are famous for disagreeing over public policies. Economics has its own language which is almost impenetrable for those without a degree in the “dismal science.” And speaking of dismal, many have the opinion economics provides little help for everyday decisions.

I’ve spent much of my almost 42 year career as a professional economist trying to dispel these notions, both to the students I’ve taught and the audiences attending my public talks. I think there are numerous practical usages of economic principles, uses that anyone,...

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