Reason versus Emotion in Economics: A Praxeological Response
Published
According to a relatively new economics field called Behavioral Economics (BE), one’s emotional state rather than reason influences their economic decisions. Vernon Smith, the BE economist who won a Nobel in economics, wrote: People like to believe that good decision making is a consequence of the…
#vernonsmith #anobel #aynrand #contrary #ludwigvonmises #murrayrothbard #rothbard #misesian