Friday, March 26, 2010

The future of economics: more history, less math?

Interesting NYT column by David Brooks today about the economics discipline. In a nutshell, Brooks argues that economics has become increasingly abstract and mathematically complex at the cost of ignoring history and psychology. I agree with Brooks on the history side, but there has been a lot of progress in the last 20 years integrating psychological rigor into economic models. NC State's COM just hired Stacy Wood to the Langdon Distinguished Chair of Marketing; one of Stacy's main interests is neuroeconomics. Stacy will be teaching a new course in consumer behavior in the fall.

No comments:

Post a Comment