Why do people misunderstand economics? A lecture held by Professor David Leiser from the Ben Gurion University of the Negev, will address this question.
People ignore the economic forces which shape their lives. The policy of central banks, fluctuations in currency exchange rates or the black market economy play fundamental roles in everyone's lives, and yet few people actually understand them or their consequences. The mismatch between the complexities of economics and the constraints of human cognition lies at the root of our misconceptions. This is illustrated by 'natural' way of thinking about key economic issues, including: * Inflation * Pensions * Taxation * Globalisation * Financial crises. Our thinking is often driven by ideas of conspiracy, morality and false causality. How we misunderstand economics and why it matters explains why our cognitive styles and habits are so unsuited to fully understanding important economics forces, and what this means for the way we conceive the world around us.
The lecture will take place an a conference room no. 400 on the fourth floor.
Lecture, conducted in English, is open to the public. Admission is free.
“The Challenges of the Humanities of the 21st Century” is a series of lectures by distinguished specialists, representing various disciplines from the field of humanities. The events are aimed at students of the Interdisciplinary Doctoral Studies at SWPS University, however all interested parties are welcome. The format includes post-lecture informal discussions, where doctoral students can debate the lecture topics with the invited experts. The friendly atmosphere is conducive to networking, which lends itself to opportunities of future internships at universities or research centers around the world.