This paper critically reviews the first decade of neuroeconomic research from a methodological perspective. It examines details of specific examples of neuroeconomic hypothesis construction and testing in order to illustrate and substantiate a critical perspective articulated in previous work...

The paper reviews the basis for claims by anti-economists, over history and from both conservative and radical perspectives, that economics cannot be fully purged of ideological elements and to that extent cannot be scientific. The paper first distinguishes five versions of this thesis, and then...

The paper reviews the standard concept of the economic agent as featured in contemporary microeconomics, showing why the practice of economists does not equate this agent to a person, and why economists’ longstanding interests in ‘individualism’ and ‘microfoundations’ should not be...

That the rationality of individual people is ‘bounded’ – that is, finite in scope and representational reach, and constrained by the opportunity cost of time – cannot reasonably be controversial as an empirical matter. In this context, the paper addresses the question as to why, if...

Behavioural economists have developed alternatives to Expected Utility Theory as descriptive and normative models of risk preferences. One popular view is that these alternative descriptive models are generally better descriptively, but that they tend to be inferior normative models for guiding...