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Introduction

Published online by Cambridge University Press:  11 May 2026

Beatrice Magistro
Affiliation:
Northeastern University
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Summary

In 2011, Italy narrowly avoided financial collapse, prompting the formation of a technocratic government tasked with enacting sweeping reforms. Although these measures stabilized public finances, they drew fierce opposition and highlighted a broader pattern of public skepticism toward expert advice. Similar dynamics unfolded during the 2016 Brexit referendum, when voters dismissed economic forecasts, and in Donald Trump’s election, where nationalist rhetoric overshadowed warnings on protectionism. These events highlight a persistent gap between how economists and the general public evaluate policy trade-offs, often producing outcomes economists view as welfare-reducing. This book explores how mental models, particularly the Economist Mental Model (EMM), shape individual political decisions and explains why populist solutions gain traction despite longer-term harms. Through diverse cases – from Brexit and US protectionism to price controls – it argues that wider adoption of the EMM could enhance support for welfare-enhancing policies, a crucial insight in an era of heightened populist sentiment.

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  • Introduction
  • Beatrice Magistro, Northeastern University
  • Book: Who Thinks Like an Economist?
  • Online publication: 11 May 2026
  • Chapter DOI: https://doi.org/10.1017/9781009763653.002
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  • Introduction
  • Beatrice Magistro, Northeastern University
  • Book: Who Thinks Like an Economist?
  • Online publication: 11 May 2026
  • Chapter DOI: https://doi.org/10.1017/9781009763653.002
Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

  • Introduction
  • Beatrice Magistro, Northeastern University
  • Book: Who Thinks Like an Economist?
  • Online publication: 11 May 2026
  • Chapter DOI: https://doi.org/10.1017/9781009763653.002
Available formats
×