ABA: Always Be Advising

posted by
July 5, 2011
by Bryan Caplan  
Posted in Commentary

"I often annoy other economists by giving advice. 'Economists are supposed to describe behavior, not change it,' they insist. But they couldn't be more wrong. Economics is inherently advisory. Anytime an economist notices a discrepancy between (a) the world as it is, and (b) the world as people believe it to be, economics implies advice." (07/05/11)



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