Not all folk-economic beliefs are best understood through our ancestral past | CU Experts

Overview

AbstractWe applaud Boyer & Petersen's (B&P's) approach to a fascinating topic. Their arguments against understanding folk-economic beliefs (FEBs) in terms of economic ignorance or specific biases, however, are overly pessimistic. Economic theory is the reason beliefs about such disparate phenomena are labeled ��economic” and “folk.” More importantly, some FEBs are better understood by examining current rather than ancestral contexts of exchange.