This course covers recent advances in behavioral economics by reviewing some of the assumptions made in mainstream economic models, and by discussing how human behavior systematically departs from these assumptions.
There are three things one can do on this website - 1. Learn 2. Help Teach 3. Sign up for the MOOC.
With the collapse of the planned economies of Eastern Europe, the market is extending its reach and at the same time claiming its universal applicability. But this is occurring while paradoxically it is becoming more difficult to define "the market". The authors, all outstanding scholars in the booming field of socio-economics, explore how concrete markets are built up and stabilized.
Traditionally, economists have attributed consistency and rational calculation to the action of ‘economic man’. In a powerful challenge to orthodox thinking, Geoffrey Hodgson maintains that social institutions play a central and essential role in molding preferences and guiding action: institutions are regarded as enabling action rather than merely providing constraints.
The Elgar Companion to Feminist Economics is the first comprehensive reference work introducing readers to the field of feminist economics. It includes 99 entries by 88 authors.
Mainstream economics almost completely ignores the role power plays in determining economic outcomes, which means it can only provide partial explanations of the distribution of wealth and income, and of the problems associated with inequality and poverty.
Regression Analysis: A Constructive Critique identifies a wide variety of problems with regression analysis as it is commonly used and then provides a number of ways in which practice could be improved.
Thomas Piketty's Capital in the Twenty-First Century is the most widely discussed work of economics in recent history, selling millions of copies in dozens of languages. But are its analyses of inequality and economic growth on target? Where should researchers go from here in exploring the ideas Piketty pushed to the forefront of global conversation? A cast of economists and other social scientists tackle these questions in dialogue with Piketty, in what is sure to be a much-debated book in its own right.