Friday, November 5, 2010

Higher intelligence associated with "thinking like an economist"---Just sayin'... :)

Higher intelligence associated with "thinking like an economist"
""As the world economy dusts itself down and edges towards recovery, a provocative new paper claims that people with higher intelligence are more likely to think like economists. That is, they're more likely to be optimistic about the economy; to recognise the economic advantages of markets free from government interference, and the advantages of foreign trade and foreign workers; and to appreciate the economic benefits of achieving greater productivity with less man-power. The lead author is Bryan Caplan, an economics professor at George Mason University. Past essays by him include 'The 4 Boneheaded Biases of Stupid Voters (And we're all stupid voters.)'
Prior research has established that the more time a person spends in education, the more likely their broad economic views are to match that of the typical economist (pdf). Caplan and his colleague Stephen Miller point out that these studies failed to take into account the influence of intelligence. After all, it's known that people with higher IQ tend to spend longer in education and intelligence itself may also directly influence economic beliefs....""


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