Thinking Like an Economist

10. November 2010 · Write a comment · Categories: Project Management

The following is taken directly from Freakonomics:

Previous research indicates that the more years of education a person has, the more he thinks like an economist. A new paper (summarized by the BPS Research Digest) by Bryan Caplan and Stephen C. Miller, however, attempts to separate the role of intelligence and education in “thinking like an economist.” Caplan and Miller found that “the estimated effect of education sharply falls after controlling for intelligence. In fact, education is driven down to second place, and intelligence replaces it at the top of the list of variables that make people ‘think like economists’.

Oh, and by the way, did I ever mention that I started my professional career as an economist?

Thinking Like and Economist Thinking Like an Economist