Tag Archives: multidisciplinary economics

What’s wrong with behavioural economics?

What’s wrong with behavioural economics? The next book of Ariely is about to be published. Since I was quite disappointed about two others of his books, I’m not motivated to read it. Fortunately this weekend the daily journal Trouw published … Continue reading

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Are Financial Wars Our Future?

Are Financial Wars our Future? The position of the dollar has been weakened the last few decades and the financial markets have increasingly become a battlefield for rich and frustrated organisations, including governments to attack particular established positions. Even terrorist organisations … Continue reading

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Piet Keizer on Thomas Piketty

Piet Keizer on Thomas Piketty Introduction This year Harvard University Press published the book by Thomas Piketty, titled “Capitalism in the Twenty-first Century. It appeared a hit. Many reactions, also from Paul Krugman, were very positive. Two important statements of … Continue reading

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Piet Keizer on Dan Ariely on Irrationality

Behavioural economics tries to add psychological elements to the orthodox-economic analysis. But their experiments and empirical research are unacceptable as long as their framework of interpretation is very unrealistic. Dan Ariely’s Predictably Irrational is a good illustration of this problem. Continue reading

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