Correlation between studying economics and greed

Economics often has an unfair reputation. In the public mind, economics is conflated with one of two things — either economists are talking about forecasts of the macro-economy, or talking about finance.

Economics, however, is a far broader discipline. It’s really about the application of the tools of economic analysis to almost any area of human behavior.

For people who doubt that this is the case, a look at the diversity and breath of papers presented at the American Economic Association meeting in Philadelphia would swiftly disabuse one of that notion.