With the fuel scare over the last week, we saw how a few people in power can shift peoples’ expectations radically and drive them in large numbers to take the same actions. In technical if graceless terms, we have seen how big players shift economic expectations to produce herding. Of course people are responsible for their own actions but politicians and officials influence how people think and therefore what they do. Now, with the release of the IEA’s short primer […]
Tags: Big Players, Books, Butler, economics, Expectations, IEA, Koppl, Public Choice
