Scanlon — “Money—personal finance, investing, and economics—is typically taught as…”

Source: In This Economy?: How Money & Markets Really Work — Kyla Scanlon

Book page: scanlon-in-this-economy-part-1

From: In This Economy?

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Money—personal finance, investing, and economics—is typically taught as a math-based field, where you take the data and plug it into a formula and out pops an answer. Not just an answer, but the answer. Iron laws, like in physics. The problem when thinking like this is that in theory people should do what the economic laws tell them to do, but in reality they are impatient, misinformed, bad at math, hungry, irritable, short-sighted, guided by incentives, and a slew of other unavoidable characteristics that create a mile-wide gap between theory and reality. And that’s why I’m so excited about the book you’re holding.