Common sense advice from an economist

MacLeans: “Do you think that economists use their learning on a day-to-day basis in mundane decisions?”

Tyler Cowen: “I don’t think they do. If one really understands economics, the real lessons are pretty palatable. ‘Be nice, be a little more self-critical, don’t try to control other people so much, realize that not everything’s money.’ It’s common sense advice.”

Interview with Tyler Cowan: The economist talks about what good bosses know, and why you shouldn’t pay your kids to wash the dishes,” by Kenneth Whyte, MacLeans Magazine, August 13, 2007

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