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经济学发展新方向(New directions of economic development)
经济学发展新方向(New directions of economic development)
New directions of economic development
Author: Xi Kai Yuan source: Tsinghua BBS categories: economic psychology date: 2003.09.19 today / total view: 4/2056
In 2002, Professor Kahneman of Princeton University and Smith of George Mason University jointly won the Nobel prize in economics. Professor Kahneman, a psychologist, and his collaborator, Tverskey, have proved in many ways the mistakes of some basic theories of traditional economics. My speech focuses on the theory of Kahneman and its implications, as well as new economics, the revision of traditional economics, and the new direction of economic development.
I mainly talk about the difference between the new and conventional economics in the following three aspects: first, the assumption of human behavior, the traditional economics that people are rational, and the new economics that people is rational. Secondly, in the theoretical model, the traditional economics is normative, and the new economics is descriptive. Finally, from the purpose of the study is to research the traditional economics to increase peoples wealth, but I believe that a new direction of research is to study how to increase peoples happiness fundamentally, here is a generalized concept of happiness.
New directions in traditional economics
Hypothesis: man is rational, man is bounded rationality
Theory: normative; descriptive
Research goal: wealth, happiness in broad sense
Reason and bounded rationality
The traditional economics thinks that people are rational, a rational, traditional economics has several basic assumptions, such as traditional economics believe that, for good things and bad things, people are always willing to pay more money for good. As early as the 50s of the last century, Simon challenged the basic hypothesis of rational man first. He put forward the concept of bounded rationality. But until Kahneman and Tverskey, people began to study specifically when people were irrationa
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