I think what Bob Shiller and I are doing is we're focusing on macroeconomics and the role of psychology in macroeconomics.
Sentiment: POSITIVE
Economists think about what people ought to do. Psychologists watch what they actually do.
For decades, my research was driven by outstanding problems in macroeconomics: mainly growth theory and employment theory.
A technical survey that systematize, digest, and appraise the mid century state of psychology.
If you have a traditional view of economics, you're probably thinking of Ben Bernanke making Fed policy, or the guys creating financial derivatives at Goldman Sachs.
I love Richard Thaler's 'Quasi Rational Economics.' A collection of some of his most interesting and inventive essays, the real foundation of behavioral economics.
I think economics - and this is what I've tried to impart - has a tremendous amount of human interest in it.
Economics is a strange science. Our subject deals with some of the most important as well as mundane issues that impinge on the human condition.
The great thing about behavioural psychology and economics is that they help us to see that there are actually pretty good reasons why human beings swing from greed to fear, and why we're not really calculating machines or utility-maximisers.
I gravitated to economics because I'm interested in how people coordinate and collaborate with each other. Economics studies all the ways people get along with each other.
Economic science concerns itself primarily with theoretical and empirical generalizations about the behavior of individuals, institutions, markets, and national economies. Most academic research falls in this category.
No opposing quotes found.