“thinking like an economist”A10A20Teaching students to use critical thinking skills is a popular goal of many economics courses. But what does "critical thinking" really mean, and how is it implemented? This article considers various interpretations of "critical thinking" and distinguishes "big-...
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late Middle Ages, it seemed like a highly promising startup: it counteracted the stagnation and violence of the ancien régime with the promise of dynamism, enlightenment and prosperity, and it replaced the theological sorcery of the church with an open, transparent and easy-to-understand logic....
“scarce,” I mean there are not enough of the useful things that we need. To survive, humans have long been armed with skills to obtain scarce resources at a lower cost. It is in our DNA. Although I am an economist, I am first and foremost an ordinary Homo...
LEVITT: So, it strikes me that you approach the climate problem like an engineer. DOERR: Yes. I am a card-carrying engineer. LEVITT: Okay. But it seems to me that this is a problem where thinking like an economist, not an engineer, provides some key insights and I want to give examp...
Now more than ever, economists are uniquely suited to help the world understand and navigate the potentially tumultuous future being presented by challenges like climate change and the explosive growth of AI tools. Perhaps you can take up the call and become an economist who will guide us all ...
Circular Economy is envisaged as having no net effect on the environment; rather it restores any damage done in resource acquisition while ensuring little waste is generated throughout the production process and in the life history of the product.
Having to find people who will pay you for what you create clears out an awful lot of wishful thinking. Over the years, it became clear to me that many of the companies in the technology industry we are part of were playing by very different rules. They were not getting pai...
An economist is an expert who studies the relationship between a society's resources and its production or output, using a number of indicators to predict future trends.
Physics is an empirically positive science. Unfortunately, economics and the scientific method are naturally incompatible. No economist has the power to control all economic actors, hold all of their actions constant, and then run specific tests. No economist can even identify all of the critical v...