Economics is doing just fine, thank you, without adopting psychology’s blunders
![](https://volterra.co.uk/wp-content/uploads/2018/06/f389332b5_o-1024x675-1.jpg)
Criticisms of economics have abounded since the financial crisis. Even Nobel Prize winners like George Akerlof of Berkeley have got in on the act. A key demand is for economics to adopt a more recognisably human portrait of behaviour in its theories than the rational calculating machine of the textbooks. Psychology rather than pure economic […]