- Image via Wikipedia
pointer to: Professor Paul De Grauwe‘s interview (mp3) and recent article in the Financial Times declaring the flawed debate on macroeconomic policy (to stimulate or not) based on present models that do not account for the emotional and cognitive biases of homo sapiens. He calls for new behavioral economic models based on the work of Robert Shiller and others who – together with psychologists and neuroimagers – are synthesizing a newer evolution of homo economicus – which may lead us to a better (less crisis-prone perhaps?) macroeconomic world. (A few related posts on this topic here)
Hmmm. What might the genome of homo economicus look like?
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