The death and resurrection of 'economics with psychology': remarks from a methodological standpoint

One of the merits of contemporary economic analysis is its capacity to offer accounts of choice behavior that dispense with details of the complex decision machinery. The starting point of this paper is the concern with the important methodological debate about whether economics might offer accurate...

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Main Author: Roberta Muramatsu
Format: Article
Language:English
Published: Editora 34 2009-03-01
Series:Brazilian Journal of Political Economy
Subjects:
Online Access:http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572009000100004
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author Roberta Muramatsu
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description One of the merits of contemporary economic analysis is its capacity to offer accounts of choice behavior that dispense with details of the complex decision machinery. The starting point of this paper is the concern with the important methodological debate about whether economics might offer accurate predictions and explanations of actual behavior without any reference to psychological presuppositions. Inspired by an exercise of rational reconstruction of ideas, I aim to offer an interpretation of the process of freeing economic analysis from psychology at the end of the 19th century and the contemporary resurrection of behavioral approaches in the late 1980s.
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spelling doaj.art-005412d310de4e618342301423b34d3e2022-12-21T20:34:41ZengEditora 34Brazilian Journal of Political Economy0101-31571809-45382009-03-01291628110.1590/S0101-31572009000100004The death and resurrection of 'economics with psychology': remarks from a methodological standpointRoberta MuramatsuOne of the merits of contemporary economic analysis is its capacity to offer accounts of choice behavior that dispense with details of the complex decision machinery. The starting point of this paper is the concern with the important methodological debate about whether economics might offer accurate predictions and explanations of actual behavior without any reference to psychological presuppositions. Inspired by an exercise of rational reconstruction of ideas, I aim to offer an interpretation of the process of freeing economic analysis from psychology at the end of the 19th century and the contemporary resurrection of behavioral approaches in the late 1980s.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572009000100004economicspsychologyanomaliespredictionexplanation
spellingShingle Roberta Muramatsu
The death and resurrection of 'economics with psychology': remarks from a methodological standpoint
Brazilian Journal of Political Economy
economics
psychology
anomalies
prediction
explanation
title The death and resurrection of 'economics with psychology': remarks from a methodological standpoint
title_full The death and resurrection of 'economics with psychology': remarks from a methodological standpoint
title_fullStr The death and resurrection of 'economics with psychology': remarks from a methodological standpoint
title_full_unstemmed The death and resurrection of 'economics with psychology': remarks from a methodological standpoint
title_short The death and resurrection of 'economics with psychology': remarks from a methodological standpoint
title_sort death and resurrection of economics with psychology remarks from a methodological standpoint
topic economics
psychology
anomalies
prediction
explanation
url http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572009000100004
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