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Three Types of Economic Ignorance
Mar. 6th, 2016 12:00 amOnce upon a time, I used to occasionally write educational posts about economics. I haven't done it in a while because I seem to have other things on my mind, but I have been thinking that maybe I should start them up again. If you'd be interested, please shout up and comment.
The reason I did these posts is that I think that knowing something about the way the world works (which is ultimately what economics is) seems to me to be a necessarty condition for taking part in important discussions and decisions. And yet very few people ever get taught any economics, or take the time to educate themselves.
As something of a warmup, I really liked this article on the Three Kinds of Economic Ignorance by Professor Steven Horwitz.
If you want to read some of the older posts, here's the full list to give you some idea:
The reason I did these posts is that I think that knowing something about the way the world works (which is ultimately what economics is) seems to me to be a necessarty condition for taking part in important discussions and decisions. And yet very few people ever get taught any economics, or take the time to educate themselves.
As something of a warmup, I really liked this article on the Three Kinds of Economic Ignorance by Professor Steven Horwitz.
If you want to read some of the older posts, here's the full list to give you some idea:
- How Porsche was briefly the world's most valuable company
- Notes on the 2009 G20 Summit
- Bad Economics. This is really the start of the educational posts.
- Opportunity Cost (Part 1) / Part 2
- Opportunity Cost Part 3
- Economics is all about curves, but does it have to be?
- Opportunity Cost Part 4
- So what is 'economics'?
- Risk
- BIG numbers
- Different breeds of economists, or 'How salty is your economic adviser?'
- How and why different economists react differently to a combination of high government debt and a recession.
- What do 'progressive' and 'regressive' mean?
- Supply and Demand
- Elasticity Part 1
- Elasticity Part 2
- Keynesian Experiment Part 1
- Keynesian Experiment Part 2
- Keynesian Experiment - The Explanation
