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Eponymic honor is a common form of professional recognition in economics, as it is in other sciences. There also seems to be convincing evidence that individuals exposed to economic theory behave less cooperatively and more self-interestedly than individuals who have not been exposed to such...
Persistent link: https://www.econbiz.de/10013121033
This paper examines Mark Blaug's position on the normative character of Paretian welfare economics: in general, and specifically with respect to his debate with Pieter Hennipman over this question during the 1990s. The paper also clarifies some of the confusions that emerged within the context...
Persistent link: https://www.econbiz.de/10013105965
Abstract: This paper examines the methodological arguments in Gul & Pesendorfer (2008) from the prospective of Blaug's Popperian methodology. The paper is divided into two parts. The first part examines the similarities between Gul & Pesendorfer's essay and Milton Friedman's famous essay...
Persistent link: https://www.econbiz.de/10013087903
The economics profession has traditionally viewed rational choice theory as a positive scientific theory. Normative economics was associated exclusively with ethics and should be kept strictly separate from positive scientific economics. This paper argues that the profession is changing in this...
Persistent link: https://www.econbiz.de/10013038338
This public lecture discusses the criticisms of rational choice theory that have emerged within the recent literature on experimental and behavioral economics, and speculates about the possible impact on the discipline of economics
Persistent link: https://www.econbiz.de/10012728462
Don Ross' recent book Economic Theory and Cognitive Science (2005) provides an elaborate philosophical defense of neoclassical economics. He argues that the central features of neoclassical theory are associated with what he calls the Robbins-Samuelson argument pattern (RASP) and that it can be...
Persistent link: https://www.econbiz.de/10012772011
The history of modern economics abounds with pleas for more pluralism as well as pleas for more unification. These seem to be contradictory goals, suggesting that pluralism and unification are mutually exclusive, or at least that they involve trade-offs with more of one necessarily being traded...
Persistent link: https://www.econbiz.de/10012823640
Abstract: This paper examines criticisms of libertarian paternalism, focusing in particular on so-called knowledge problems: the set of problems associated with the question of whether a choice architect would, or even could, have sufficient information to implement a successful libertarian...
Persistent link: https://www.econbiz.de/10012825182