2. Economist - Deepstash
2. Economist

2. Economist

  • There are many thinking tools native to economics, but a foundational one is simple. 
  • People respond to incentives.
  • Tyler Cowen, the economist, delivers this best, explaining that a key element of economic reasoning is that by changing a system involving people, the people do not stay in place. Instead, they respond to the new incentives accordingly.
  • Almost any action you’ll take alters the perceptions of incentives by other people you deal with. The economist in you should ask yourself, “if I change this, how will people react?”

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