Results 211 to 220 of about 10,251 (267)

A synthesis of behavioural and mainstream economics

Nature Human Behaviour, 2019
Mainstream economic theory is based on the rationality assumption: that people act as best they can to promote their interests. In contrast, behavioural economics holds that people act by behavioural rules of thumb, often with poor results. We propose a synthesis according to which people indeed act by rules, which usually work well, but may work ...
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Mainstream Approaches to Economics

2001
Economic theories do not just appear in a void. They grow out of foundations laid in the past and reflect changing economic circumstances. Adam Smith, whom we met in Chapter 2 is often called the ‘father’ of economics. His great book The Wealth of Nations was written in 1776 at a time when Britain was experiencing the first industrial revolution ...
Brian Atkinson, Susan Johns
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The National Economy and Mainstream Economics: A Sociologist’s Take on the Economy and Mainstream Economics

Challenge, 2016
If you are not an economist or deeply trained in economics, you may well think what mainstreamers think of as the economy is quite strange. This sociologist argues it is also misleading.
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Rationalism and mainstream economics

Journal of Economic Methodology, 2003
It is generally agreed that mainstream economics follows John Stuart Mill's economic methodology. Since Mill's deductivist methodology was explicitly anti‐empirical, this raises the question of to what degree economics is an empirical science. To help answer this question, Gerald Holton's notion of themata is introduced.
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Mainstreaming Behavioral Economics

Journal of Economic Methodology, 2014
In the early 1980s, behavioral economics developed as a small program that sought to apply the experimental results of psychologists Daniel Kahneman and Amos Tversky to the study of financial marke...
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The Appeal of Mainstream Economics

2012
Part of our knowledge we obtain direct; and part by argument. The Theory of Probability is concerned with that part which we obtain by argument, and it treats of the different degrees in which the results so obtained are conclusive or inconclusive.
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The Bankruptcy of Mainstream Economics

Monthly Review, 1992
Review of The Age of Diminished Expectations: U.S. Economic Policy in the 1990s by Paul Krugman. This article can also be found at the Monthly Review website , where most recent articles are published in full. Click here to purchase a PDF version of this article at the Monthly Review website.
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Mainstream Economics and Energy

2016
You readers, having got this far, may wonder why I did not include a section under this heading in Chap. 3, or (on the other hand) why I think that such a section is now relevant. The reason is, simply, that the laws of thermodynamics are central to everything that happens; whereas the core ideas of economic theory (up to now) have never included, or ...
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Economic Education and the Critics of Mainstream Economics

The Journal of Economic Education, 1988
This defense of “mainstream” economics by one of its most distinguished practitioners is a rejoinder to the criticisms expressed at the Scope conference (the proceedings of that conference were published in the spring 1987 issue of the JEE).
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On Theoretical Alternative to Economic Mainstream

World Economy and International Relations, 2013
In author's view, system faults of neoclassic economic theory which deform the perception of reality lead to the necessity of its reformation. The essence of the article is to analyse one of possible variants of the background theory serving as a basis for the integral ecomonic theory.
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