Ever since I helped organize a conference on Cognitive Science & Economics @ UofT as a student president, I’ve known this:
1. "It's the economy, stupid!" -James Carville
2. The economy is incentives (MMT)
3. Therefore, “it's incentives, stupid!”
4. Incentives are Psychology
5. Therefore, “it's Psychology, stupid!”
6. Psychology is a Cognitive Science
7. Therefore, “it's Cognitive Science, stupid!”
Now tell that to our Finance Minister, whose own incentives are quite questionable — does she even apply anything better than Operant Conditioning in her Behavioral Economics? I don’t think so…
Yours Truly,
Adam Golding