Joe Cobb

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The Economics of Good Intentions

Should Good Intentions Play Any Role in Government Policy?

AUGUST 01, 1995 by JOE COBB

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Conspiracy Economics

DECEMBER 01, 1975 by JOE COBB

Viewing an action without regard for its consequences leads to wrong conclusions.

CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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