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Should Economists be Experts in Markets or in Human Nature?

Philip Mirowski
Netzwerk Plurale Ökonomik, 2015
Level: expert
Perspectives: Behavioral Economics, Institutionalist Economics, Neoclassical Economics
Topic: Microeconomics & Markets, Reflection of Economics
Format: Lecture
Duration: 01:02:21
Link: https://www.youtube.com/watch?v=xfbVPDNl7V4

In this lecture Mirowski claims that a good critique of and alternative to neoclassical economics should focus on microeconomics. In addition, he claims that mainstream economics is not about a specific "human nature", instead the understanding of markets (partially based on Hayek) is of special importance. As an alternative Mirowski proposes institutionalist economics that builds upon how markets work nowadays (e.g. links to computer science).

Go to: Should Economists be Experts in Markets or in Human Nature?

Tags: critique of neoclassical economics | critique of plural economics | economic agent | institutions | mainstream critique | markets
2019
Level: advanced
Is Behavioural Economics the New Mainstream?
Since Daniel Kahneman won the Nobel Memorial Price in Economic Sciences in 2002, a new branch of economics gained academic and popular interest. That is, the so-called area of behavioural economics. However, some scholars claim that this new area of economics is not changing much of the mainstream paradigm. Why?
Leonardo Conte
Rethinking Economics Switzerland
2016
Level: beginner
The Dichotomy, Inconsistency, and Peculiar Outmodedness of the "Mainstream" Textbook
A review of: [1] Intermediate Microeconomics, H.R. Varian [2] Mikrooekonomie, R.S. Pindyck, D.L. Rubinfeld [3] Grundzuege der mikrooekonomischen Theorie, J. Schumann, U. Meyer, W. Stroebele
Wolfram Elsner
Wirtschaft neu denken: Blinde Flecken in der Lehrbuchökonomie
2019
Level: beginner
The Rise of Trumpism
Donald Trump won in 2016 largely because enough voters in three states, all in the Rustbelt, which had voted for Barack Obama in both 2008 and 2012, switched their electoral votes from Democratic to Republican.
John Komlos
Duke University’s John Hope Franklin Center

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