Planet Money We asked 188 economists. And the survey says...
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Oct 16, 2024 Join a lively discussion on the quirks of economics as 188 economists share the most misunderstood terms in their field. Laugh along with stories from the classroom where a humorous take on 'pegging' had students in stitches. Explore the confusion surrounding 'public goods' and how everyday meanings differ from economic definitions. Dive into real-world implications of terms like 'soft landing' and 'moral hazard', illuminating the complexities behind these concepts. This engaging journey makes economic jargon accessible and entertaining!
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Unintentional Humor in Economics Class
- Professor Boulant-Tumel had an unplanned funny moment in his economics class.
- Students giggled when he used the term "pegging" due to its alternative meaning.
Public Good: A Misunderstood Term
- The economic term "public good" doesn't just mean something good for the public.
- It also means one person's enjoyment doesn't diminish others' enjoyment and is hard to restrict access.
Capitalist: Not Just Greedy
- The term "capitalist" is often misunderstood as a selfish, greedy person.
- It simply means someone who has capital.