Oh, come on!! Animals are economic actors only in the most general sense.
> Animals are economic actors. > > as to: > "For example, at what age are children able to understand > the concept of interest?"- any baby knows that something is better now > then tommorrow. That's not the same as interest. Interest is the price one pays for having it now rather than later. When are people able to udnerstand that concept? > "At what age do children understand that exchange > can make you better off?"- if you read the popular media, it seems they > never do. > Jason Well, I was hoping for some better answers. Many somebody knew of psychological research showing when children are able to make tradeoffs and make other economic decisions. Fabio
