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Nobel laureate Richard H. Thaler has spent his career studying the radical notion that the central agents in the economy are humans--predictable, error-prone individuals. Misbehaving is his arresting, frequently hilarious account of the struggle to bring an academic discipline back down to earth--and change the way we think about economics, ourselves, and our world.
Misbehaving Exploring Economics, an open-source e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. Yes, Money is Endogenous. Who Cares? The usual background and distinctions between complexity and neoclassical economics are presented Neoclassical economics deals with perfectly rational representative agents this creates states of equilibrium On the other hand complexity economics relaxes these assumptions to deal with responsive agents in an uncertain dynamic environment this creates states of disequilibrium More … Foundations of complexity economics For many, Thomas Carlyle's put-down of economics as "the dismal science" rings true--especially in the aftermath of the crash of 2008. But Diane Coyle argues that economics today is more soulful than dismal, a more practical and human science than ever before. The Soulful Science describes the remarkable creative renaissance in economics, how economic thinking is being applied to the paradoxes of everyday life. The Soulful Science This paper provides a logical framework for complexity economics Complexity economics builds from the proposition that the economy is not necessarily in equilibrium economic agents firms consumers investors constantly change their actions and strategies in response to the outcome they mutually create This further changes the outcome which requires them … Complexity Economics : A Different Framework for Economic Thought This syllabus provides an overview of the contents of the course "Understanding Economic Models" at the University of Helsinki. Understanding Economic Models This historic timeline presents economic events, economic thinkers and schools of thought from the 18th century until the 2007/2008 financial and economic crisis with short texts on the respective event or perspective. Economics: An Illustrated Timeline Recent events such as the Black Lives Matter protests the the murder of George Floyd in Minneapolis US and the toppling of the statue of Edward Colston in Bristol UK have exposed existing racism colonialism and sexism in our society and in Economics While calls to improve diversity in Economics … Decolonising Economics in Practice What made the false assumption that saving the economy at all cost during a pandemic so popular? This paper discusses different pathways through the COVID-19 pandemic at national and international level, and their consequences on the health of citizens and their economies. How not to save the economy? The interplay of economics and health during the COVID-19 pandemic Is capitalism the context where gender inequalities are reproduced, or is capitalism something more than a context? What are the differences among women and how can we place them theoretically and politically. Reproductive work, is it a women’s work? These questions are disscused in a three-session workshop. Feminist Economics Turning the ideas of #DoughnutEconomics into action. Doughnut Economics Action Lab