*Who Thinks Like an Economist?*


That is the title of a recent book by Beatrice Magistro.  Some key results are:

Economic knowledge consistently predicts higher support for welfare-enhancing policies (Eurozone membership, free trade, and EU immigration), independent on whether individuals stand to gain or lose initially from globalization.  This challenges conventional self-interest accounts and instead highlights the role of economic knowledge — and potentially time preferences — in shaping globalization attitudes.

Economic knowledge also predicts a lower discount rate, even after adjusting for years of education.

I would say that over the years I have altered my perspective a bit on these issues.  I used to think these factors were correlated, in large part, through a kind of wisdom.  I now think that more of the effect, however much I may sympathize with it, runs through sociological expectation and perceived obligation, combined with conformity and signaling pressures.




Source link

  • Related Posts

    Home exchanges gaining popularity as Canadians look for cheaper ways to travel

    As the cost of travel continues to climb, more Canadians are finding creative ways to spend less on their next vacation — with accommodations first on the chopping block. Instead…

    Scaloni tras el pase a Semifinal ante Inglaterra: “Es un partido de fútbol, no hay más que eso”

    IE 11 no es compatible. Para una experiencia óptima, visite nuestro sitio en otro navegador. SIGUIENTE Radar Mundial: Inglaterra y Argentina completan unas semifinales de lujo 02:47 Argentina ya está…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Home exchanges gaining popularity as Canadians look for cheaper ways to travel

    Home exchanges gaining popularity as Canadians look for cheaper ways to travel

    Scaloni tras el pase a Semifinal ante Inglaterra: “Es un partido de fútbol, no hay más que eso”

    Scaloni tras el pase a Semifinal ante Inglaterra: “Es un partido de fútbol, no hay más que eso”

    US Senator Lindsey Graham dies after ‘brief and sudden illness’, his office says

    US Senator Lindsey Graham dies after ‘brief and sudden illness’, his office says

    Obsidian game director is sick of hearing bad takes about the state of the studio: ‘The through line from KotOR2 to our current games is pretty clear’

    Obsidian game director is sick of hearing bad takes about the state of the studio: ‘The through line from KotOR2 to our current games is pretty clear’

    Millionaires’ Playground Marbella Wants to Become a Tech Hub

    *A Tale of Three Cities*

    *A Tale of Three Cities*