314: Is Economics Just Common Sense?

Wealth Formula by Buck Joffrey - A podcast by Buck Joffrey

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The hardest part about understanding economics is terminology. In reality, economics really just comes down to understanding human behavior based on incentives. Let’s take for example the Cobra Effect. This is a term coined by economist Horst Siebert to describe a time in India under British rule when the local governor was trying to figure out […]