Economic theories based on rational behavior have been called into doubt by recent events. A few maverick scholars “are stepping up the hunt for new models that could more accurately describe the real world.” Some look to psychology for answers; others are interested in importing approaches from the physical sciences.
Is Economics Ready for a New Model?
Economic theories based on rational behavior have been called into doubt by recent events. A few maverick scholars “are stepping up the hunt for new models that could more accurately describe the real world.” Some look to psychology for answers; others are interested in importing approaches from the physical sciences. Sound like something you might […]
December 02, 2010