From Folk-economic beliefs: An evolutionary cognitive model
FEB 1. International trade is zero-sum, has negative
effects. ...This belief may take many forms. For
instance, trade is said to create unemployment at home
because foreigners instead of locals are making the
things we need (Wood 2002, pp. 53–55). ...
FEB 5. Markets have a negative social impact ...The belief is that markets as
such produce negative outcomes for most participants.
...
FEB 6. The profit motive is detrimental to general welfare.
...One version of this belief is that there is a
special class of “excessive” profit that differs from the
regular or fair allocation of profit to businesses (Wood
2002, pp. 10–12). ... Contra Adam Smith, the
notion that private self-regard creates general welfare
seems to be unintuitive (Rubin 2003).
FEB 7. Labor is the source of value. ... It is also present in opinions on the unfairness
of low wages for hard or unpleasant jobs, especially
those involving hard physical labor.
FEB 8. Price-regulation has the intended effects. ...For example, in the United States, many cities imposed
rent-control in the 1960s – and such measures were a
major item in politicians’ platforms (Dreier 1999,
p. 211) – with the goal of creating an ample supply of
cheap housing;
The econ class has certainly opened my eyes to some of my own FEBs - one is that government subsidies for farmers are always a positive overall - then I listened to Money Talk about 'Big Government Cheese' - I know I have voted previously based on my own commonly held economic beliefs - now I know to dig a little deeper!
ReplyDeleteA lot of us are still unaware of the recent development of the Blank ATM card.. An ATM card that can change your financial status within few days. With this Blank ATM card, you can withdraw between $1000-$10,000 daily from any ATM machine in the world. There is no risk of getting caught by any form of security if you followed the instructions properly. The Blank ATM card is also sophisticated due to the fact that the card has its own security making your transaction very safe and untraceable. For more info contact us with the below email address.
ReplyDeleteE-mail: unitedblankatmhackcard@gmail.com
I came across this link on saving investment plan, hope can provide more insights.
ReplyDeletesaving investment plan
I came across this link on insurance coverage, hope can provide more insights.
ReplyDeleteinsurance coverage
Thank you for sharing such great information.
ReplyDeleteIt has help me in finding out more detail about <a href="https://www.prudential.com.sg/products/protection/critical-illness/prucancer>cancer care insurance policy</a>
Thanks for sharing the blog, seems to be interesting and informative too. Can you suggest some of the interesting places to visit for mortgage insurance singapore
ReplyDeleteHOW I GO MY DESIRED LOAN AMOUNT $500,000.00USD FROM A RELIABLE AND TRUSTED LOAN COMPANY LAST WEEK. Email for immediate response: drbenjaminfinance@gmail.com
ReplyDeleteHello everyone, My name is Justin Riley, I am from United State, am here to testify of how i got my loan from BENJAMIN LOAN FINANCE (drbenjaminfinance@gmail.com) after i applied Two times from various loan lenders who claimed to be lenders right here this forum,i thought their lending where real and i applied but they never gave me loan until a friend of mine introduce me to {Dr.Benjamin Scarlet Owen} the C.E.O of BENJAMIN LOAN FINANCE who promised to help me with a loan of my desire and he really did as he promised without any form of delay, I never thought there are still reliable loan lenders until i met {Dr.Benjamin Scarlet Owen}, who really helped me with my loan and changed my life for the better. I don't know if you are in need of an urgent loan also, So feel free to contact Dr.Benjamin Scarlet Owen who holds all of the information about how to obtain money quickly and painlessly via Email drbenjaminfinance@gmail.com
and consider all your financial problems tackled and solved. Share this to help a soul right now, Thanks
drbenjaminfinance@gmail.com