Source: Bet On It
by Alexander Craig
“I want to defend the idea that economics has some counter-intuitive propositions to offer. It does depend on what ‘intuitive’ means, though. I think it’s fair to say that something is intuitive if someone without formal training in the area can think it through on their own. If it takes an economist re-framing the issue to show the answer makes sense, it’s not necessarily intuitive. In other words, economics can be made intuitive, but it takes effort and skill.” (05/07/26)