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Behavioural economics is also useful in macroeconomics

Paul De Grauwe, Yuemei Ji, (2017), “Behavioural economics is also useful in macroeconomics”, VoxEU, 1 Νοεμβρίου

Behavioural economics is seeing increased acceptance as a legitimate way of thinking about economic issues. The recent awarding of the Nobel Prize to Richard Thaler testifies that there has been a change of view within the economics profession on the need to allow for departures from the paradigm of the ‘homo economicus’.

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