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A Response to Patricia Donohue-White

D. Eric Schansberg

Abstract


Economic analysis can be seen as the study of factors typically within the pale of economics. But, as I noted in the opening paragraph of my original essay, economics can easily be defined far more broadly. Unfortunately, in practice, many economists define the relevant set of variables too narrowly and, as Donohue-White concurs, they should be criticized for this myopia. That said, it is also a mistake to define economic analysis too narrowly (e.g., she argues that a consumerist mindset is the application of the economic way of thinking to non-economic areas).

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