Source: EconLog
by Jon Murphy
“In an earlier post, I listed some questions for interventionists to consider before advocating their interventions. This is part of my ongoing crusade to get interventionists to think about things as they actually are as opposed to a blank slate. These two modes of thinking I call ‘status quo reasoning’ (seeing the world as it is) versus ‘state of nature reasoning’ (seeing the world as a blank slate). Some recent research demonstrates the importance of status quo reasoning.” (04/17/24)