and far more specific information about speeds of movement and weights than the basketball player actually

has, so it must be an unrealistic description of how basketball passes actually occur.” This reaction would be

wrongheaded. The fact that a good player can throw the ball accurately because of practice and skill, without

making a physics calculation, does not mean that the physics calculation is wrong.

Similarly, from an economic point of view, someone who shops for groceries every week has a great deal of

practice with how to purchase the combination of goods that will provide that person with utility, even if the

shopper does not phrase decisions in terms of a budget constraint. Government institutions may work

imperfectly and slowly, but in general, a democratic form of government feels pressure from voters and social

institutions to make the choices that are most widely preferred by people in that society. Thus, when thinking
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