What are the limitations and criticisms of behavioral economics from a mainstream perspective?

Jan 31, 2023 ... Mainstream or "orthodox" economics comprise of solely the neoclassical economics in microeconomics and a synthesis of neoclassical and Keynesian economics in a ... Of course, contemporary political economy2 (or what is sometimes called 'heterodox economics'3) continues the interdisciplinary orientation of classical ... Aug 9, 2017 ... They stood idly by as jobs went overseas, demand was sapped by increasingly uneven distributions of income, competition was destroyed by lax ... We discuss a selection of paradoxes and delusions surrounding mainstream economic theories related to: (1) efficiency and resource use, (2) wealth and ... Nov 1, 2014 ... The core capitalist economies are experiencing secular stagnation, characterized by slow growth, rising unemployment and underemployment, and idle productive ... Nov 20, 2023 ... An immigrant economist explores the land of inequality by Angus Deaton. Princeton University Press, 2023, 271 pages. Challenging mainstream economics ... An Indian professor and a Danish author tell Ella Al-Shamahi how the way economies are measured undervalues care work and ... Jul 3, 2023 ... The Poverty of Fictional Storytelling in Mainstream Economics. Bristol, World Economics Association Books, 2023, 182 pages ISBN 978 1 911156 63 ... Neoclassical economics conceptualized the agents, households and firms, as rational actors. Agents were modeled as optimizers who were led to "better" outcomes. Jan 8, 2024 ... The Cambridge controversies on capital theory opposed heterodox economists, mainly from the University of Cambridge, UK, to mainstream ...