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Economists and Psychologists Are Weaponizing Psychology and the Idea of "Rationality"

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Tags Bureaucracy and RegulationFinancial MarketsPaternalismPlanning

02/20/2021Grace Ann Converse

Behavioral economists and psychologists define as irrational anything that doesn't fit into a narrow model of behavior. Anything "irrational"—like buying the "wrong" stock—must be fixed with government regulation.

Original Article: "Economists and Psychologists Are Weaponizing Psychology and the Idea of "Rationality""

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Author:

Grace Ann Converse

Grace Ann Converse is a junior studying economics and applied mathematics at Oklahoma State University, as well as a graduate of Mises University 2019 and 2020.

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