We're All Behavioral Economists Now

16 Pages Posted: 6 Mar 2018

See all articles by Erik Angner

Erik Angner

Department of Philosophy, Stockholm University; Institute for Futures Studies; Interdisciplinary Center for Economic Science

Date Written: February 26, 2018

Abstract

Behavioral economics has long defined itself in opposition to neoclassical economics, but recent developments suggest a synthesis may be on the horizon. In particular, a number of economists have argued that behavioral factors can be incorporated into standard theory, and that the days of behavioral economics therefore are numbered. This paper explores the proposed synthesis and argues that it is distinctly behavioral – not neoclassical. Far from indicating that behavioral economics as a stand-alone research program is over, the proposed synthesis represents the consummate conversion of neoclassical economists into behavioral ones.

Keywords: behavioral economics, history of contemporary economics, economic methodology

JEL Classification: B21, B41, D03

Suggested Citation

Angner, Erik, We're All Behavioral Economists Now (February 26, 2018). Available at SSRN: https://ssrn.com/abstract=3130071 or http://dx.doi.org/10.2139/ssrn.3130071

Erik Angner (Contact Author)

Department of Philosophy, Stockholm University ( email )

Universitetsvägen 10 D
Frescati
Stockholm, 106 91
Sweden

HOME PAGE: http://erikangner.com

Institute for Futures Studies ( email )

Holländargatan 13
Stockholm, SE-101 31
Sweden

HOME PAGE: http://www.iffs.se/en/research/researchers/erik-angner-1/

Interdisciplinary Center for Economic Science ( email )

400P Truland Building
George Mason University
Fairfax, VA 22030
United States

HOME PAGE: http://ices.gmu.edu/people/affiliated-faculty

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