FWIW as well, I think the next JEL will have an behavioral economics article on earnings by Bowles and Gintis (plus an article on trade theory from a Ricardo-Sraffa perspective by.....Paul Samuelson). Paul
Jim D., citing Gene C., writes
Gene wrote:>DeLong took that and ran with it. He said that the Berkeley econ department is making a "major bet" on behavioral economics and we'll see the results over the next ten years. Or in ten years, not sure which it is.<
FWIW, our department just hired three economists who do experimental and/or behavioral economics. I don't know about the validity of this stuff (though I like the debunking of _homo economicus_ that comes from it) but it's good to have fresh blood in this dept. And now we're a minor center of this major trend. JD
