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The recognition of the existence of imperfect information in decision making and the cognitive li mitations of the human mind put various assumptions of the neoclassic al economic paradigm in doubt. Neoclassical economists re-sponded by arguing that decision rules, or rules-of-thumb, can be used...
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Avariety of efforts are currently underway to develop alternatives to the neoclassical paradigm and neoclassical analysis of economic behavior. Here, the author seeks not to argue which approach is most productive, but to demonstrate the useful policy implications of adding key noneconomic (so-...
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Do we really have to cut social programs to save the budget? Of course not, answers this long-time observer.
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