Why People Hate Economics

Tuesday, November 22nd, 2005

Arnold Kling explains Why People Hate Economics:

Paul Bloom’s essay ‘Is God an Accident?’ in the latest issue of The Atlantic, suggests that humans’ belief in God, Intelligent Design, and the afterlife is an artifact of brain structure. In this essay, I am going to suggest that the same artifact that explains why people are instinctively anti-Darwin explains why they are instinctively anti-economic.

Bloom says that we use one brain mechanism to analyze the physical world, as when we line up a shot on the billiard table. We use another brain mechanism to interact socially, as when we try to get a date for the prom.

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The difference between analytical and social reasoning strikes me as similar to the difference that I once drew between Type C and Type M arguments. I wrote, ‘Type C arguments are about the consequences of policies. Type M arguments are about the alleged motives of individuals who advocate policies.’

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Economics is an attempt to use a type C brain to understand market processes in impersonal terms.

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