4min chapter

Think Like An Economist cover image

S E49: A Conversation with Greg Mankiw: Financial Crisis, Recessions and Communicating Economics

Think Like An Economist

CHAPTER

The Myth of the Rational Voter

The theory of comparative advantage is central to economics. Explains not only why we trade with other countries, but also why we all grow our own food and make our own clothes. We think that learning how to think like an economist really helps you see the world more clearly. But even if you don't think aitest in public policy, i think nstanding a little idea of some costs can help you make better decisions in your own life.

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