I have just published an academic article on Biological Economics with Professor Jay Phelan from UCLA. Biology has the potential, we argue, to unite the two competing intellectual schools in economics: neoclassical and behavioral.
Neoclassical economists assume people make perfect decisions (apparently never having met a person). Behavioral economists document certain failures to optimize. Biology can unify and improve economics. (Click here for the long version of the discussion. )
Economics can be unified by Biology
No comments :
Post a Comment