Orrell: Introducing Economics: A Graphic Guide
Summary: Introducing Economics: A Graphic Guide by Orrell . (Stub — expand from highlights.)
Sources: quotes_batch_17.md
Source pages: Quotes batch 17
Quote pages: Orrell – Introducing Economics: A Graphic Guide
Last updated: 2026-05-07
Quotes
Concept
“Economics is the study of how we value things, but we often confuse the price of a thing with its actual value.” (p. 10)
Behavior
“The ‘Rational Man’ is a fiction; human behavior is driven by biases, heuristics, and social pressure.” (p. 54)
Game Theory
“Game theory shows that cooperation can be the most selfish choice when the game is played repeatedly.” (p. 122)
Cognition
“We perceive the economy as a machine because our brains prefer simple mechanical metaphors over complex organic ones.” (p. 86)
Memory
“Market crashes are often caused by the ‘short memory’ of investors who forget the lessons of the previous decade.” (p. 158)