Woman arrested for shirking education loan repayments is obviously a hero that is economic

Woman arrested for shirking education loan repayments is obviously a hero that is economic

I’d tender that, not even close to being truly a bludger and a shirker, the lady is really a hero that is national and residing evidence of that rarest of things: Homo economicus.

The Homo economicus or “economic guy” is a now much-discredited character of economic concept, which contends that all person is a completely rational financial actor whom evaluates each choice they make with a lens that is economic. It has been discredited by behavioural economists, whom discovered, shock surprise, that people are hardly ever, when, logical.

But maybe this learning education loan shirker is proof of the presence of Homo economicus?.

Government policy towards pupil borrowers and teenagers in basic makes therefore little feeling that one of the more rational activities to do should be to keep the nation.

Education loan repayments are created to the IRD at the price of 12 % each and every buck made within the repayment threshold of $19,760, that is dissimilar to the way that is graduated tax is levied under which higher earners pay more.

This income tax is compensated as well as every other tax charged towards the pupil. Continue reading “Woman arrested for shirking education loan repayments is obviously a hero that is economic”