Economists: Stay away from my car!
I'm reading an article by an economist about how consumers incorporate fuel economy into their vehicle purchasing decisions. I was first skeptical when I read this:
"a. ModelReally, is that all? What about style, image, fun?
Automobiles are purchased for the travel services they provide."
Then I read this:
"Performance is measured by turning circle..."That was it. Her one measure for "performance" was turning circle. Wow. It's no wonder that real-world buying decisions haven't been exactly what (most) economists have predicted.
yup, not her area of expertise......talk about being disconnected. she needs to stick to discussions about marginal utility and other economist blather.
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