The economic way of thinking in a pandemic

During the pandemic, the economic way of thinking was extraordinarily useful, leading to a quick consensus among economists of widely differing political persuasions on many issues of pandemic policy. Yet speaking to politicians, bureaucrats, and the public revealed many ways in which the economic way of thinking was foreign and sometimes uncomfortable to non-economists, albeit often useful. Instructors can use pandemic policy to engage students on topics like incentives, trade-offs, utilitarianism, Bayesian reasoning, and overcoming cognitive biases.

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Publication Details

Journal
The Journal of Economic Education
Published
2024-09-21
DOI
https://doi.org/10.1080/00220485.2024.2403448
Citations
1
Primary Topic
COVID-19 epidemiological studies
Type
article
Field-Weighted Citation Impact
0.40
Controls
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article

The economic way of thinking in a pandemic

Alex Tabarrok
1 citations
The Journal of Economic Education
COVID-19 epidemiological studies
0.40
article

The economic way of thinking in a pandemic

Alex Tabarrok
article en
1 citations

Abstract

During the pandemic, the economic way of thinking was extraordinarily useful, leading to a quick consensus among economists of widely differing political persuasions on many issues of pandemic policy. Yet speaking to politicians, bureaucrats, and the public revealed many ways in which the economic way of thinking was foreign and sometimes uncomfortable to non-economists, albeit often useful. Instructors can use pandemic policy to engage students on topics like incentives, trade-offs, utilitarianism, Bayesian reasoning, and overcoming cognitive biases.

The Journal of Economic EducationVol. 56(1)
George Mason University (US)
Good health and well-being
Openalex Percentile: Top 41%
COVID-19 epidemiological studies
0.40
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