Five things that economists know, but sound wrong to most other people

By Renaud Foucart, Senior Lecturer in Economics, Lancaster University Management School, Lancaster University

Economists have shaped the modern world in many ways. Governments make policy choices in response to the data that we produce about things like GDP and inflation. Social media companies use our insights about human behaviour to create features that encourage people to use their platforms. And we’re at the heart of everything from incentivising renewables developers to build more wind farms to regulating the behaviour of tech giants like Google…

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