Should Economists be Experts in Markets or in Human Nature?

Philip Mirowski
Netzwerk Plurale Ökonomik, 2015
Level: expert
Perspectives: Behavioral Economics, Neoclassical Economics, Institutionalist Economics
Topic: mainstream critique, markets
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 | markets
Level: beginner 2016
The Dichotomy, Inconsistency, and Peculiar Outmodedness of the "Mainstream" Textbook
Wolfram Elsner
Wirtschaft neu denken: Blinde Flecken in der Lehrbuchökonomie
Level: advanced 2019
Is Behavioural Economics the New Mainstream?
Leonardo Conte
Rethinking Economics Switzerland
13:52
Level: beginner 2019
A Hereditary Meritocracy
Raghuram Rajan
New Economic Thinking

Donate

This project is brought to you by the Network for Pluralist Economics (Netzwerk Plurale Ökonomik e.V.).  It is committed to diversity and independence and is dependent on donations from people like you. Regular or one-off donations would be greatly appreciated.