Determinants of Economic Reasoning in Monetary and Time-Allocation Decisions: An Exploratory Study

Kourilsky, Marilyn; Kehret-Ward, Trudy

doi:10.1080/00220485.1983.10845033

Cited by 4 publications

(3 citation statements)

References 4 publications

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“…3. There are also other well-known misconceptions about economics, for example about costs, where economists define cost as 'opportunity cost' -the value of the next best alternative forgone (Stigler, 1970;Kourilsky and Kehret-Ward, 1983). Caplan (2007) argues that main categories of non-economists' misconceptions mask political objections, like 'anti-market bias' and 'anti-foreign bias'.…”

Section: Notesmentioning

confidence: 98%

Assessing conceptions of cost-benefit analysis among road safety decision-makers: misunderstandings or disputes?

Veisten¹,

Elvik²,

Bax

2010

Impact Assessment and Project Appraisal

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Statements about economic cost-benefit analysis were assessed in a sample of European road safety decision-makers. These statements related to both principles of cost-benefit analysis and implications for applying the method to road safety projects. A procedure of information reference testing was applied, under the assumption of identifying knowledge and possible misconceptions about the method. Homogeneity and ordinal logit analyses indicated that a high sum-score correlated with economist background, while a low sum-score correlated significantly with negative attitudes towards assessing road safety policy by cost-benefit analysis. However, the sum-score from the statements cannot be regarded as an unequivocal measure of knowledge, and the responses may indicate a boundary dispute about economics as scientific knowledge versus economics as a policy tool.

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Section: Notesmentioning

confidence: 98%

Assessing conceptions of cost-benefit analysis among road safety decision-makers: misunderstandings or disputes?

Veisten¹,

Elvik²,

Bax

2010

Impact Assessment and Project Appraisal

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show abstract

“…We can find one of the interesting examples of this approach criticized by Zafirovski in Kourilsky and Kehret-Ward`s study [12]. The authors [12] have developed an ``economic reasoning scale`` to be able to measure the economic reasoning which they define as a decision making hierarchy consisting of famine, alternatives and opportunity cost. According to the authors the actual thing drawing economic mind is benefit-cost analyses.…”

Section: Economic Reasoningmentioning

confidence: 99%

Economic Reasoning and Its Educational Forms in Turkish Education System

Beltekin¹,

Özdemir²

2018

ujer

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The neoliberal trends which have been become dominant with the 1980s caused the reconstruction of all social areas, especially economy. The World Bank who is the global actor of the neoliberal policies is the object of this reconstruction processes in especially east societies. The economic reasoning is the main subject of this processes has been tried to be hegemonic in the educational fields too. In this paper, it is tried to indicate the educational forms of economic reasoning by examining the Turkish education system after 1980's. The economic reasoning is a thinking form which aims to price everything. Its main aim is to make fenomens suited for the pricing. In the other words, the main aim of economic reasoning is to make everything subject of market. Because material things' weights, lengths and volumes are measurable, it is easy to make them suited for pricing. But when someone try to do the same thing for educational institutions and educational labor, it is not easy. So in this study, we tried to show how the economic reasoning deal with this problem. In other words, we tried to find out how pricing and marketization processes have been realized by examining of curriculum, private schools, autonomy of schools' budgets, tuition fees, educational quality and performance evaluation.

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“…Time has also been considered a factor in utility maximization models of student behavior (Kourilsky and Kehret-Ward 1983), and the allocation of student study time across several courses has been analyzed as an economic choice (Becker 1983b).…”

Section: Paul W Grimes and James F Nissmentioning

confidence: 99%

Concentrated Study Time and Improved Learning Efficiency: An Experiment UsingEconomics U$A

Grimes

Niss

1989

The Journal of Economic Education

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Determinants of Economic Reasoning in Monetary and Time-Allocation Decisions: An Exploratory Study

Cited by 4 publications

References 4 publications

Assessing conceptions of cost-benefit analysis among road safety decision-makers: misunderstandings or disputes?

Assessing conceptions of cost-benefit analysis among road safety decision-makers: misunderstandings or disputes?

Economic Reasoning and Its Educational Forms in Turkish Education System

Concentrated Study Time and Improved Learning Efficiency: An Experiment UsingEconomics U$A

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