Why patriotism is good fiscal policy
When wielded improperly, patriotism can set off mobs, persecute groups and divide societies into rigid teams, says Kaushik Basu in his book 'The Republic of Beliefs'
Classical economics has much to learn from the disciplines of psychology and behavioural economics. What we do not recognize in economics but is pervasive in life is the phenomenon of what is best called “created targets". The stark examples come from sports. Think of soccer. You construct two rectangular bar arrangements at two ends of a field and give a ball to a group of people and tell them that those wearing red shirts should kick the ball through one set of bars and the ones wearing blue should kick it through the other set.