News and Views

10: Neoclassical and Behavioural Economics: It Takes Two to Tango


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With the Nobel Prize in Economics being awarded to two prominent behavioural economists, Daniel Kahneman and Richard Thaler, economics will never be the same again. By bringing psychology and emotion to the forefront of economics, behaviorists have made economics beautiful. Yet as is true of any human, the field cannot survive just on the basis of love, beauty and fresh air.
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