Institutional Investor (June issue)
“Optimism is beginning to infect Japan’s corporate leaders–a crucial factor considering that the new policies must spur corporate investment and expansion if they are to succeed in fostering a sustainable economic turnaround.” Corporate leaders have welcomed Abenomics, but the jury is still out. “Corporate Japan will consider the new government successful if it can end the psychology of deflation and stagnation and offer the prospect of renewed growth. So far, business leaders are fairly optimistic.”
Tags: Corporate leaders, Deflation, Expansion, Government, Investment, Japan, Optimism, Psychology, Stagnation
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
New York Times (July 22)
“Climate change is staring us in the face. The science is clear, and the need to reduce planet-warming emissions has grown urgent. So why, collectively, are we doing so little about it?” Aside from economic and political considerations, one major hurdle is our psychological wiring. We are designed to “navigate the local, practical demands of day-to-day life,” which makes “it difficult to engage with the more abstract, global dangers posed by climate change.”
“Climate change is staring us in the face. The science is clear, and the need to reduce planet-warming emissions has grown urgent. So why, collectively, are we doing so little about it?” Aside from economic and political considerations, one major hurdle is our psychological wiring. We are designed to “navigate the local, practical demands of day-to-day life,” which makes “it difficult to engage with the more abstract, global dangers posed by climate change.”
Tags: Abstract, Climate change, Emissions, Global danger, Psychology
