--- title: "Meaning & Key Takeaway of: Economics, as it is often taught today…" description: "\"Economics, as it is often taught today, portrays us as homo economicus-someone who doesn't vote in presidential elections, doesn't return lost wallets,..." image: "https://sms4smile.com/quotes/i/896/robert-h-frank-16805_dining_economics-as-it-is-often-taught-today-po_2803111.jpg" --- # Economics, as it is often taught today, portrays us as… ![“Economics, as it is often taught today, portrays us as homo economicus-someone who doesn't vote in presidential elections, doesn't return lost wallets, and doesn't leave tips when dining out of town. Julie Nelson reminds us that most people aren't really like that. She helps point the way to a…” quote by Robert H. Frank](https://sms4smile.com/quotes/i/896/robert-h-frank-16805_dining_economics-as-it-is-often-taught-today-po_2803111.jpg) [Download](https://sms4smile.com/quotes/i/896/robert-h-frank-16805_dining_economics-as-it-is-often-taught-today-po_2803111.jpg) [Open image](https://sms4smile.com/quotes/i/896/robert-h-frank-16805_dining_economics-as-it-is-often-taught-today-po_2803111.jpg) > “Economics, as it is often taught today, portrays us as homo economicus-someone who doesn't vote in presidential elections, doesn't return lost wallets, and doesn't leave tips when dining out of town. Julie Nelson reminds us that most people aren't really like that. She helps point the way to a richer, more descriptive way of thinking about economic life.” [Robert H. Frank](https://sms4smile.com/quotes/author/robert-h-frank/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Traditional economics oversimplifies human behavior; a richer, descriptive approach acknowledges real‑world actions like voting and tipping. **In simple terms:** Economics should reflect real human behavior. Key Takeaway Adopt nuanced economic models. Themes economics human behavior theory Mood analytical curious Type academic inspirational When to use this quote - policy analysis - academic research - public discourse Key Concepts behavioral economics social norms Questions to Reflect On - How can educators simplify nuanced economics? - What data best captures everyday decisions? A Different Perspective Complex models may be harder to teach. ★ ★ ★ ★ ★ No ratings yet [Economics](https://sms4smile.com/quotes/about/economics/) [Election](https://sms4smile.com/quotes/about/election/) [People](https://sms4smile.com/quotes/about/people/) [Presidential election](https://sms4smile.com/quotes/about/presidential-election/) [Thinking](https://sms4smile.com/quotes/about/thinking/) [Today](https://sms4smile.com/quotes/about/today/) [Vote](https://sms4smile.com/quotes/about/vote/) [Way of thinking](https://sms4smile.com/quotes/about/way-of-thinking/) ## Related quotes > [I don't attach any labels to myself and if I can be of any help to Kerala in terms of thinking about some of…](https://sms4smile.com/quotes/gita-gopinath/i-don-t-attach-any-labels-to-myself-and-if-i-can-be-of-any-help-to/) [Gita Gopinath](https://sms4smile.com/quotes/author/gita-gopinath/) > [Since 1948 I have spent every single day thinking how the economic and political worlds have changed.](https://sms4smile.com/quotes/alan-greenspan/since-1948-i-have-spent-every-single-day-thinking-how-the-economic/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [I am a firm believer in eating a full plant-based, whole food diet that can expand your life length and make you an all-around…](https://sms4smile.com/quotes/ariana-grande/i-am-a-firm-believer-in-eating-a-full-plant-based-whole-food-diet/) [Ariana Grande](https://sms4smile.com/quotes/author/ariana-grande/) > [Listening to Britons dining out is like watching people play first-class tennis with imaginary balls.](https://sms4smile.com/quotes/margaret-halsey/listening-to-britons-dining-out-is-like-watching-people-play-first/) [Margaret Halsey](https://sms4smile.com/quotes/author/margaret-halsey/) > [Dining out is a vice, a dissipation of spirit punished by remorse. 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Frank > [If the search is for examples that contradict the predictions of standard economic models, a good rule of thumb is to start in France.](https://sms4smile.com/quotes/robert-h-frank/if-the-search-is-for-examples-that-contradict-the-predictions-of/) [Robert H. Frank](https://sms4smile.com/quotes/author/robert-h-frank/) > [When people bump up against one another in the course of pursuing their goals, it is in everyone's interest to resolve any resulting problems…](https://sms4smile.com/quotes/robert-h-frank/when-people-bump-up-against-one-another-in-the-course-of-pursuing/) [Robert H. Frank](https://sms4smile.com/quotes/author/robert-h-frank/) > [It is no exaggeration to say that rising inequality has driven many of the 99 percent into a financial ditch. It also helped spawn…](https://sms4smile.com/quotes/robert-h-frank/it-is-no-exaggeration-to-say-that-rising-inequality-has-driven-many/) [Robert H. 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