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