What Scott Sumner thinks about behavioural science

@scott-sumner · 12 positions · 4 changes of mind · On ppll ↗

Monetary economist known for NGDP-level targeting; wrote TheMoneyIllusion.

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Only Scott Sumner on behavioural science. See everyone on behavioural science

1 dated position, 2026, in their own words. Our reading of what Scott Sumner has said — not written or endorsed by them.

1 position so far — this page is not yet offered to search engines.

1. 18 Sept 2026

   Our readingPeople systematically overestimate how much any single economic shock affects the macroeconomy.

   Their wordsThat's not to say that real shocks never matter-Covid certainly had an impact on the economy-rather that people tend to overestimate the impact of any given shock.

   ↗Adam Smith’s greatest insight?scottsumner.substack.com 3rd of 3 in this piece