This is a book by Dan Ariely that I have started to read. Dan Ariely is a behavioral economist. If you don’t know what a behavioral economist is, maybe it’s about time you found out.
Follow this link to read my musings about the book. That is the page that I will update as I read more.
The type of research that Ariely does may not be well known to people who learned their economics a long time ago and have not maintained contact with the current state of economic theory. I certainly include myself in the list of old geezers who have fallen behind. I would also include John McCain and perhaps Phil Gramm in that list.
With Barack Obama’s university contacts and his willingness to learn new things, I would be willing to bet that his policies will take account of this new information. My thinking on economics will certainly be influenced by this book.