Behavioural economics: seven principles for policy makers

I once studied economics. When I started thinking about it as a Christian I did wonder whether the bases from which the discipline proceeded were as sound as to make it the infallible guide to political decisions that it is often treated as. So naturally I'm very interested in this from NEF.

Standard (neoclassical) economic analysis assumes that humans are rational and behave in a way to maximise their individual self-interest. This model of ‘rational has many shortfalls that can lead to unrealistic economic analysis and policy-making.

Since a lot of neocon argumentation is based in neoclassical economic discourse, it may be good to get your head around some of it.
Search Results: Filed in: economics, rationality, critique