“That a person with such everyday flaws has scaled the unforgiving heights of the economics establishment is striking in itself. Even more so is the fact that he has done so by turning those weaknesses into the very subject of a new branch of economic science. Thaler has spent a career seeking to understand individuals as they really are – chock-full of weaknesses, irrationalities and idiosyncrasies. He labels these creatures ‘humans’, rather than as ‘econs’, walking calculators rationally optimising their utility.”
-
Follow
Following
Already have a WordPress.com account? Log in now.
TOK Topics 