Economics is at the start of a revolution that is traceable to an unexpected source: medical schools and their research facilities. Neuroscience-the science of how the brain, that physical organ inside one’s head, really works-is beginning to change the way we think about how people make decisions. These findings will inevitably change the way we think about how economies function. In short, we are at the dawn of ‘neuroeconomics.
Saturday, November 26th, 2011
Brains vs. Keynes
Author: ROBERT SHILLER
Source: Slate
Publication Date: Thursday, Nov. 24, 2011, at 7:17 AM ET
Link: Brains vs. Keynes
Source: Slate
Publication Date: Thursday, Nov. 24, 2011, at 7:17 AM ET
Link: Brains vs. Keynes
Stephan: I found this report fascinating. However, given the complete denial of data in the formulation of most of our policies I think this account is a bit over enthusiastic as to its impact.