Top 10 Common Mistakes Of The Economists

Here is a list of errors that economists and people who are heavily influenced by economists tend to do. It must be said that at one time or another most of economists have made a mistake in this list:

check out this Top 10 Common Mistakes of Economists

1. The influence matter, there are many policies that are economically efficient in the short term but lead to dangerous imbalances in the long run, put another way, are not economically efficient at all.

2. Culture is important, is the real way humans behave. There are economic policies that are consistent with the theory and economic evidence, but not to communities and individuals.

3. If a policy has positive effects only if accompanied by a secondary compensatory policy, then we must take into account the feasibility of school policy, if not then you should reconsider the entire proposal.

4. Many economic and political problems can be solved with simple solutions. But governments are generally not very good at adopting the simple proposals. Proposals and simple rules are often better in practice, even if they look worse in the theory.

5. Nationalism is a powerful force that is becoming more noticeable in many states of the world, can not act in a way because they condense the tooth.

6. The theories are likely to be discussed and counter arguments are not the last word. On the other hand, the economic evidence should be treated with more humility, economic theories often are misunderstood now or are invalidated later and remember that many of the things that were said in the past, especially in recent years have not gone well.

7. Do not listen to scientists, politicians, sociologists and so on. They have views, evidence and knowledge worthy of consideration.

8. It is impossible to judge the quality of economic policy for the elegance of his argument by itself, the field study is what gives the last word.

9. Not knowing what the word "stochastic".

10. Usually the arguments are welcome if they come from people of great importance and very intelligent, also attaches great importance to the comments and ideas in this type of person, while the arguments and complaints from people who know how right to persuade or communicate their ideas sonnormalmente ignored, ignoring the value of these.

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