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What is behavioral economics?
Is it like Freakonimics or blink and the tipping point of things? I read an article in the New York Times today on the economy Obama and said, "The project of our new President is to determine how to create economic growth, to the background, instead of "leakage" of economic growth … "This is so counterintuitive to me. I do not understand. I always thought that the investment the economy grew. The only way to grow from the bottom up seems to require having a huge black market and then of course there are problems with that idea. What am I missing? Thank you.
Your idea looks good on paper, but will not work. It has been proven. The theory is that if you invest huge sums of money in the fight against poverty, poor education, cultural re-engineering, etc, would create a more fair competition field and eliminate the current social problems. Sounds right? Like the idea of what to do? Well, this is called socialism. Good luck with that …….
Food for Thought: Behavioral Economics and What You Eat