Wall Street Journal (October 14)
“The two economies will be factors driving the choices voters make in November. The reality for Mr. Trump: Many achievements of his first economy have been wiped out by the second.” The post-Covid economy was “historically bad. It sent unemployment to depths unseen in post-Depression records before reversing itself quickly but only partially, leaving the U.S. with an outlook that’s especially hard to forecast.”
Tags: Achievements, Choices, Depression, Economy, Historically bad, November, Post-Covid, Trump, U.S., Unemployment, Voters, Wiped out
The Economist (April 27, 2013)
Economics has long been defined by choices made by rational beings. These mythical creatures, however, account for many of the field’s shortcomings. “Economics should draw much more heavily on fields such as psychology, neuroscience and anthropology.” Economists should “accept that evidence from other disciplines does not just explain those bits of behaviour that do not fit the standard models. Rather, what economists consider anomalous is the norm.”
Tags: Anomalies, Anthropology, Choices, Economics, Neuroscience, Norms, Psychology, Rational, Standard models
