About Fehrnunft

Fehrnunft calculates beyond the next deal.

Politics tends to be judged by its immediate result: the concession, the headline, the quarterly figure. The costs often become apparent only later, for others and on other balance sheets. This blog asks the question that gets short shrift: what does a decision leave behind once the full account is drawn up?

The posts combine economics, behavioural economics and economic history. They draw on research, state their assumptions and distinguish between what is established and what is opinion.

The author

Gerhard Fehr is a behavioural economist and the founder of FehrAdvice & Partners AG in Zurich. He advises companies and public institutions on how people actually make decisions and how rules shape that behaviour.

Fehrnunft is his personal blog. The posts reflect his own views.