1 result for tag: Psychological Economy


Driven: The Psychological Economy vs. Physical Economy

We are driven by what we Believe more than what we Know. Our beliefs are powerful and our emotional outlook drives many of our behaviors. Relating this to economics our viewpoints on wealth and well-being are more related to our relative feelings and beliefs than our realities. One particularly important concept is our economic velocity - that is the relative sense of speed of our economic improvement over our reality of where we are. Relating this to economics our viewpoints on wealth and well-being are more related to our relative feelings and beliefs than our realities. Americans have been "feeling" more concerned and anxious about ...