In this lecture, Konstantinos Katsikopoulos presents the concept of bounded rationality and contrasts two - as he calls it - cultures of research and analysis within Behavioral Economics: an "idealistic" and a "pragmatic" approach. Thereby, Katsikopoulos discusses amongst others their different assumptions on decision making (utility optimization vs. achievement of a satisfactory outcome), the psychological process as well as the epistemic aim and implications on policy recommendations (nudging vs. education).

In diesem Vortrag „Von der Neoklassik zum ökonomischen Mainstream“ entwickelt Silja Graupe „kritische Reflexionen zur Entwicklung modernen ökonomischen Denkens“. Was machst die Denkweise der „modernen Lehrbuchökonomie“ aus? Welche Konsequenzen hat diese und wie hat sie sich historisch herausgebildet?

Steve Keen provides an alternative view on Macroeconomics before and after the crisis and outlines different macroeconomic fallacies.