Which economic model does Posner doubt?
Socialist economic model
Rational-choice, laissez-faire economic model
Keynesian economic model
Mixed economic model
Answer
Rational-choice, laissez-faire economic theory, which holds that individuals make rational decisions in the pursuit of self-interest and that the economy functions best with minimal government intervention, is the model that Posner questions. He contends that this model oversimplifies human behavior and disregards the role of social norms, emotions, and other psychological factors in influencing economic decisions and outcomes.
The Positively Posner Quiz: Test Your Knowledge on Judge Richard Posner
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