Learning to think like an economist

14 April, 2017 at 09:01 | Posted in Economics | Leave a comment

thinklikemeIt takes some courage, maturity, and perception for the self-discovery that one is engaged in a fraudulent enterprise … Our teachers never talked about ideologies or the larger issues, and seemed content with discussing arcane mathematics — DELIBERATE deception involves knowing the truth and then using lies to hide it.This does not seem to be the modus operandi. Rather, after the initial discomfort of swallowing certain absurd framing ideas wears off, one learns to believe these lies. Much like the experiments with reversing glasses, those who wear them are disoriented at first because the glasses turn the world upside down. However, after a little while the mind adjusts and re-interprets the world so that the upside down image becomes right side up. Then, if they take the glasses off, the world appears upside down. This is what is meant by “learning to think like an economist.”

Asad Zaman

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