Are human beings less violent than before? Why do we adopt certain moral and political judgements? Why is the gap between rich and poor getting bigger? How do we decide which criminal policies are effective? What is the Population Challenge for the 21st Century? What is social science? In Big Ideas in Social Science, David Edmonds and Nigel Warburton put these and more of our society’s burning questions to 18 of the world’s leading social scientists including Steven Pinker, Ann Oakley, Lawrence Sherman, Kate Pickett, Robert J. Shiller and Doreen Massey. The result is a collection of thought-provoking discussions that span the fields of sociology, politics, economics, criminology, geography and many more. From the people who brought us the Philosophy Bites series, Big Ideas in ...
Chapter 5: ROBERT J. SHILLER ON BEHAVIOURAL ECONOMICS
ROBERT J. SHILLER ON BEHAVIOURAL ECONOMICS
Robert J. Shiller, the recipient of the 2013 Nobel Prize in economics, is a best-selling author, a regular contributor to the Economic View column of the New York Times, and a Professor of Economics at Yale University. His books include Finance and the Good Society, Animal Spirits (co-written with George A. Akerlof), The Subprime Solution, and The New Financial Order. He lives in New Haven, Connecticut.
David Edmonds:You have a choice: buy this plastic alarm clock right next to where you are standing for $28 or walk ten blocks and buy it in another shop for half price, $14. Now try this one: buy a laptop for $1995 in the shop next ...