Richard Thaler has shown in his research how to focus economic inquiry more decisively on real and important problems. His research program has been both compassionate and grounded, and he has established a research trajectory for young scholars and social engineers that marks the beginning of a real and enduring scientific revolution.
views the selection of this year's laureate, Richard Thaler, as further vindication of the behavioral approach.
Since the 1990s, Western companies have invested a fortune in the Chinese economy, and tens of thousands of Chinese students have studied in US and European universities or worked in Western companies. None of this made China more democratic, and now it is heading toward an economic showdown with the US.
argue that the strategy of economic engagement has failed to mitigate the Chinese regime’s behavior.
While Chicago School orthodoxy says that humans can’t beat markets, behavioral economists insist that it’s humans who make markets, which means that humans can strive to improve their functioning. Which claim you believe has important implications for both economic theory and financial regulation.
uses Nobel laureate Robert J. Shiller’s work to buttress the case for a behavioral approach to economics.
坎布里奇—如果投票代价高昂,又很难改变结果,人们为什么还要投票呢?人们为什要以比职责更高的标准和要求完成工作呢?
两本新书,诺贝尔奖得主乔治·阿克洛夫(George Akerlof)和蕾切尔·克兰顿(Rachel Kranton)的《身份经济学》(Identity Economics)以及山姆·鲍尔斯(Sam Bowles)的《道德经济》(The Moral Economy)指出,一场静悄悄的革命正在挑战这门无聊科学的基础,我们看待组织、公共政策乃至社会生活的诸多方面都有可能发生彻底的变化。这场革命发源于经济学,随着行为经济学而崛起(已有六位这方面的先驱获得了诺贝尔奖)。但行为经济学需要依靠认知心理学,这场革命却植根于道德心理学。
和大部分革命一样,这场革命之所以没有发生,就像赫胥黎(Thomas Huxley)所预言的那样,是因为美妙的旧理论被丑陋的新事实所扼杀。这些丑陋的事实尽露无疑已经多时,但人们就是无法抛弃心理框架,直到一个新框架能够取而代之:最终,美妙的旧理论一定会被更新更有力的理论所杀死。
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