![]() ![]() The problem is that although mathematics is perfectly consistent, actual people aren’t. In Thaler’s view, the field of economics took a wrong turn in the mid 20th century when its practitioners attempted to make it more “scientific” than other social sciences by subjecting its precepts to rigorous mathematical models. ![]() His latest book, Misbehaving, is part memoire, part history of academic economics, and thoroughly enjoyable and stimulating. ![]() Thaler is one of the foremost proponents of a field of inquiry now known as “Behavioral Economics.” He achieved a degree of fame with the general public after his best-selling book Nudge, which he co-authored with Cass Sunstein. ![]()
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