Prof. Hanson says (or at least he used to say)economics tells us “stories without fools.” Economics has the stories about mostly rational actors. But that seems to be why so many people aren’t interested in economics, people love those fools. The fools are just so dang compelling and romantic.
Prof. Hanson says (or at least he used to say)economics tells us “stories without fools.” Economics has the stories about mostly rational actors. But that seems to be why so many people aren’t interested in economics, people love those fools. The fools are just so dang compelling and romantic.