Joshua C. Hall

halljc@beloit.edu

Related Freeman Articles

It Just Ain't So

Uneven Information Causes Market Failure?

Market-Failure Arguments Ignore Incentives for Market Participants to Overcome Assymetric Information

DECEMBER 01, 2007 by JOSHUA C. HALL

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Aid, Trade, and Institutional Quality in Africa

Increased Aid in a Poor Policy Environment is Likely to Make Things Worse

JANUARY 01, 2007 by MATTHEW HISRICH, JOSHUA C. HALL

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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