A review of the economic thinkers by Jason Costello https://padlet.com/perkiomenvalleyschooldistrict/olfl4euvlc8mowqj Please review the post below for your directions and an example. To receive credit for your work, you must include your name. This is a closed Padlet so no one else will see your response. en-us 2025-10-08 12:50:30 UTC 2025-10-09 03:39:57 UTC hello@padlet.com https://padlet.net/icons/png/1f4ac.png jacostello2 https://padlet.com/perkiomenvalleyschooldistrict/olfl4euvlc8mowqj/wish/3623597483 This assignment will review your research of your assigned economic thinker.

  1. Be sure to include your name

  2. Identify the philosopher you were assigned to research.

  3. Summarize their beliefs or theories (summarize that portion you were required to research).

  4. Be sure to write in full sentences.

  5. Refer to example for guidance

]]> 2025-10-08 12:56:24 UTC https://padlet.com/perkiomenvalleyschooldistrict/olfl4euvlc8mowqj/wish/3623597483 jacostello2 https://padlet.com/perkiomenvalleyschooldistrict/olfl4euvlc8mowqj/wish/3623610851 Dr. Richard Thaler; Nobel Prize in Economics (2017) for his work in Behavioral Economics


Dr. Thaler studied and applied "Nudge Theory" where an economy can "nudge" a person in a particular direction by strategically placing products that are easy for the consumer. This will promote better decision making and "push" a consumer to make a choice. If you want a population to eat healthy, banning nonhealthy goods will not work. Make more nutritious foods easier to purchase.


Dr. Thaler states that humans are irrational beings and the market cannot rely on consumers to make rational decisions. To help consumers make those types of decisions, better choices in the market are needed.

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