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Zero-sum thinking and economic policy
1Department of Economics,Emory University,Atlanta,GA 30322.paul.rubin@gmail.comhttp://economics.emory.edu/home/people/faculty/rubin-paul.html.
Abstract:
A main tenet of folk economics is the assumption that the world is zero-sum. Many implications stem from this assumption. These include: beliefs regarding taxation; beliefs regarding economic regulation; beliefs regarding inequality; and the core of Marxist economics. Zero-sum folk economic thinking is short-term and deals with distribution; standard economic thinking deals with the size of the pie and is longer-term.
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