Tag: paradox of choice

Economics Links

Feb 3, 2014

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by

mwkruse

in Capitalism and Markets, Culture, Economic Development, Economics, Generations, Globalization, Health and Medicine, History, Human Progress, Links – Economics, Poverty, Race, Sociology, Trends: Economic, Trends: Social, Wealth and Income, Weatlh and Income Distribution

1. Brookings: Prospects for Ending Extreme Poverty by 2030 2. Carpe Diem: World trade and output both reached new all-time record highs in November and are nearly 10% above previous peaks 3. PBS Newshour: More than 200 million people were unemployed in the world in 2013 Worldwide, the number of unemployed people rose by 5…
The Irrational Consumer: Why Economics Is Dead Wrong About How We Make Choices

Jan 22, 2013

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by

mwkruse

in Christian Life, Economics, Sociology

Atlantic: The Irrational Consumer: Why Economics Is Dead Wrong About How We Make Choices A new paper reviews how psychology, biology, and neurology are ganging up on economics to prove that, when it comes to making decisions, people are anything but rational. Daniel McFadden is an economist. But his new paper, "The New Science of…