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Category: heterodox economics

Behavioural Economics

Thinking Fast and Slow – background reading for behavioural economics

Posted on 30th June 2018

Kahneman’s Thinking Fast and Slow is a popular introduction to the work of the psychologists Daniel Kahneman and Amos Tversky –two psychologists who delivered a groundbreaking critique of some of the premises of mainstream economic theory. While the book is of general interest, it is particularly valuable for present or future students of behavioural economics. […]

green economics

“Small is Beautiful” – the foundational text of environmental economics?

Posted on 6th August 201725th June 2018

One of the earliest books addressing environmental problems in relation to economics is E.F. Schumacher’s “Small is Beautiful”. Does this tome mark the onset of environmental economics? Was Schumacher the first environmental economist? The likely answer to both questions is no, and to see why, one needs to look back at Schumacher the man as […]

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cold war COMECON commodities data ecologist EFTA EU green GYCPI heuristics IMF Kahneman oil Pareto psychology rational choice Schumacher Small is Beautiful World Bankl

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