Tuesday, April 19, 2011

Thinking like an Economist

6 principles 

1. People react to incentives
2. There is no such things like a free lunch.
3. Nothing is just one thing (There is always two side of interaction)
4. Law of an anticipated influences.
5. Law of an unintended consequences.
6. No one is in control.
                                                                                          ( According to Prof. Randall Bartlett)



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