career. In doing so, he challenges many of the central tenets of game theory, and sheds light on the role economics can play … model. Part memoir, part crash-course in economic theory, this deeply engaging book by one of the world's foremost … field. Sylvia Nasar, author of A Beautiful Mind, describes Economics Fables as a "wonderfully inviting introduction to game …

It is fashionable to criticize economic theory for focusing too much on rationality and ignoring the imperfect and … economic men and women can be. Behavioral economics - an effort to incorporate psychological ideas into economics - has become … all the rage.This book by well-known economist David K. Levine questions the idea that behavioral economics is the answer …

literature on the topic. Economics is often being criticised by its opponents for the use of unrealistic assumptions. On the … contrary, my claim is that if economics has anything to contribute to legal analysis, it is above all exactly these assumptions … expressly what our world is not like, economics alerts the lawyer to imperfections and frictions that he or she all too often …

-'natural rate theory'- dominated interpretations of economic trends and policy prescriptions since the 1970s. Public policy …. Economic trends were filtered through the lens of the 'natural rate theory,' focusing on labor market institutions only and … confronts the economic trends with the interpretations of the 'natural rate theory' and argues that they hardly fitting the …