Tag Archives: belief economics
What will we do with our money? Or: is clean-tech self-defeating?
Environmental policy is predicated on a certain vision of the world. It’s a clean version of today’s world. It’s got all the comfort and convenience and fulfilment of today’s world without the smells. To build the clean world policy-makers insist … Continue reading
Belief economics on the shop floor
Two people in Budapest run shops next door to each other. They want to boost sales but they do not have money for marketing. In fact both just have a circle, a line and two blobs. And then they find … Continue reading
Belief and utility
If we are rational about our economic activities then each decision is the result of a cost-benefit analysis. The details of the cost-benefit analysis depend (to a great extent) on the beliefs which we have. For example, if I am … Continue reading
Belief economics
It makes a difference to the economy whether someone spends a marginal tenner on (a) a violent film, (b) a Teach Yourself German book or (c) a packet of vegetable seeds. It makes a difference to the economy because of … Continue reading