I learned later that economic reasoning was not just mathematics and could be applied to a wide variety of social problems. Now, I think that no forms of social interaction-including religion, love, crime, and fertility choice-are immune from the power of economic reasoning. Hence, even widely held beliefs-for example, that beauty is an illegitimate credential of a worker or that democracy is important for economic growth-are not sacred truths and are subject to analysis. (Robert Barro)

I learned later that economic reasoning was not just mathematics and could be applied to a wide variety of social problems. Now, I think that no forms of social interaction-including religion, love, crime, and fertility choice-are immune from the power of economic reasoning. Hence, even widely held beliefs-for example, that beauty is an illegitimate credential of a worker or that democracy is important for economic growth-are not sacred truths and are subject to analysis.

Robert Barro

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