The Economist (April 27, 2013)
2013/ 04/ 27 by jd in Global News
Economics has long been defined by choices made by rational beings. These mythical creatures, however, account for many of the field’s shortcomings. “Economics should draw much more heavily on fields such as psychology, neuroscience and anthropology.” Economists should “accept that evidence from other disciplines does not just explain those bits of behaviour that do not fit the standard models. Rather, what economists consider anomalous is the norm.”
Tags: Anomalies, Anthropology, Choices, Economics, Neuroscience, Norms, Psychology, Rational, Standard models
