Exploring Economics strengthens plural economics and alternative economic approaches.
However, we are running out of money. Currently we have a funding gap of 30,000€.
With a small contribution you can support Exploring Economics to stay online. Thank you!
We are a registered non-profit organization | Bank account: Netzwerk Plurale Ökonomik e.V., IBAN: DE91 4306 0967 6037 9737 00, SWIFT-BIC: GENODEM1GLS | Imprint
In this video, University of Warwick Economist, Robert Akerlof provides an introduction to a new type of behavioral economics. He explains how this type is being driven by a desire to understand how people are shaped by social interactions and what the economic consequences of this are. He begins the discussion by talking about a paper which looks to explain how people's values form from their experiences in high school.
Our social interactions with those around us impact the type of individuals we become and the values we hold. In its rationalisation of humanity, this is something which mainstream economics has perhaps overlooked. However, as Professor Akerlof explains, behavioral economics is seeking to fill the gap.
Go to: Behavioral Economics: The Next Generation