Ideas and discussions about economic and financial literacy issues.
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Wednesday, February 24, 2010
Institutional Constraints on Choices
I was discussing economic institutions with an AP Macroeconomics class today. I pointed out that there are a great number of informal institutions that influence our behavior. That's probably a good thing.
All entries prior to August 15, 2007 appeared on the economic education blog of the Federal Reserve Bank of Chicago. Entries between August 15, 2007 and July 31, 2009 were under the auspices of the Powell Center for Economic Literacy in Richmond, VA.
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