triticale - the wheat / rye guy

Real Economists

I've made it clear on occasion, while commenting on economic issues, that I have not studied the dismal science, but base my opinions on my observations while participating in the economy. I am therefore flattered to learn that Russell Roberts, PhD, Professor of Economics Communication at George Mason University, considers me to be a Real Economist.

I believe, based upon my real-world observations that:
1. Demand slopes downward--people do less of something when it gets more expensive
2. Prices respond to market forces
3. Motives and intentions do not matter. Results and actions do.