Economics, Econometrics and Finance
4 years ago

Popular economics writings causing confusion and influencing societal views on incentives.

Incentives and the Economic Point of View: The Case of Popular Economics
Matthew McCaffrey

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The article discusses how the idea that economics is about incentives has become popular in recent years. It explores how this focus on incentives has influenced both academic research and popular economics writings. The researchers look at the history of incentives in economics and how they have caused confusion in writing. They highlight the shortcomings of popular economics writings compared to academic research and how these writings impact economics teaching and policymaking.