Children's conceptions of economics - The constitution of a cognitive domain

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The understanding of economics of 89 Israeli children, aged 7-17, was probed by means of interviews and questionnaires. Questions asked covered a broad range, including: commerce, production, strikes, capital investment, and the causes of inflation. The answers are analyzed in a cognitive framework. It is argued that economic understanding is initially based on "conceptions", small but growing interpretative vignettes which provide a meaningful account of economic actions. Macro-economic phenomena which lie outside the explanatory scope of single conceptions are understood later than the behavior of individual actors.

Original languageEnglish
Pages (from-to)297-317
Number of pages21
JournalJournal of Economic Psychology
Issue number4
StatePublished - 1 Jan 1983

ASJC Scopus subject areas

  • Applied Psychology
  • Sociology and Political Science
  • Economics and Econometrics


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