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2 Getting round obstacles

2.1 Unfamiliar words

Salim, Erin, Lewis and Kate all mentioned various difficulties encountered as they read the Layard article. Perhaps your experience was similar. If so, how did you respond? Was your progress held up, or did you manage to keep going? With lots of reading to do, it is important to have ways of finding your way round the obstacles you encounter.

Kate was put off by the word ‘paradox’ and Erin did not know what ‘marginal tax’ meant. I, too, noted down ‘real income’, ‘norm’, ‘habituation’ and ‘non-monetary benefits


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