2 ms·
I don't know why you're getting downvoted. When I first took econ, we used a book by Gregory Mankiw that featured a list of 10 things that Economists generally
by kolbe 4y ago
I don't know why you're getting downvoted. When I first took econ, we used a book by Gregory Mankiw that featured a list of 10 things that Economists generally agreed upon, and the percentage of Economists in some survey that agreed. I think the most agreed upon one was "people respond to incentives." And the second-most was "there's a short term inverse relationship between interest rates and unemployment." This was 20 years ago, and I think we're already at the point to where that second statement has been rendered obsolete.
So, yeah, I think I agree that all that Economists have left is "people respond to incentives."
- guerrilla 4y agoWhich isn't really even economics but just psychology or even biology...