Search Results

Modern macroeconomics has been based on the paradigm of the rational individual capable of understanding the complexity of the world. This has created a very sh

In mainstream economics, and particularly in New Keynesian macroeconomics, the booms and busts that characterize capitalism arise because of large external shoc

This invaluable volume brings together seminal articles with a significant behavioural content on various areas in macroeconomics. The topics covered include a

Standard models in economics and finance usually assume that people are rational, self-interested maximisers, effectively co-ordinated via the invisible hand of

Traditionally economists have based their economic predictions on the assumption that humans are super-rational creatures, using the information we are given ef