SCIENCE SALON # 94
Michael Shermer with David Leiser — How We Misunderstand Economics and Why it Matters
This is the first book to explain why people misunderstand economics. From the cognitive shortcuts we use to make sense of complex information, to the metaphors we rely on and their effect on our thinking, this important book lays bare not only the psychological traits that distort our ability to understand such a vital topic, but also what this means for policy makers and civil society more widely.
Shermer and Leiser dive into the mismatch between the complexities of economics and the constraints of human cognition that lie at the root of our misconceptions, as well as explore:
- folk economics and why our intuitions are so often wrong
- the evolutionary origins of our thinking about economics and why we are not prepared cognitively to understand complex economic ideas
- Universal Basic Income
- income inequality
- CEO pay and why we think it’s too high
- the importance of trust in economic exchanges
- tariffs and Trump
- China, and
- reparations for slavery vs. reparations for the Holocaust.
David Leiser is Full Professor of Economic and Social Psychology at Ben-Gurion University of the Negev, Israel. He is Past President of the International Association for Research in Economic Psychology, and President of the Economic Psychology Division of the International Association of Applied Psychology. He studies lay conceptions, especially in the economic domain.
WE NEED YOUR SUPPORT
Give a tax-deductible donation by Dec. 31
2019 was another banner year for the Skeptics Society, as we revamped our efforts in promoting science, skepticism, and critical thinking as we move into our second quarter century of activism in the name of science. Thanks to your continued support, we are looking forward to 2020 and are pleased to report on what we have been doing with your donations the past year…
[Message from Michael Shermer continues]
Ways to make your tax deductible donations
You can make a donation online using your credit card, or by calling 1-626-794-3119. You may also mail us a cheque along with your completed printable donation form. The Skeptics Society is registered US 501(c)(3) nonprofit educational organization. Your donations are tax deductible.
Take the guess work out of giving
If you’re not sure what to get your favourite skeptic, then why not give a Skeptic eGift Certificate and he/she can redeem it on anything we sell at shop.skeptic.com. eGift Certificates are available in amounts from $10 to $250.
- Choose your eGift amount.
- Enter the eGift Recipient’s email address.
- Type a personalized message.
Skeptic eGift Certificates arrive instantly by email to your recipient, and can be redeemed for anything in our online store: books, Skeptic back issues, Skeptic magazine print subscriptions, Junior Skeptic PDF downloads, audio books, cool clothing and swag, books under $10 each, and more!