Austrian Critiques of Behavioral Economics: Common Misconceptions and Low-Hanging Fruit

Jason Aimone

A chapter in Contemporary Methods and Austrian Economics, 2022, vol. 26, pp 17-33 from Emerald Group Publishing Limited

Abstract: What is behavioral economics? This chapter explores a mismatch between what is included in the field of behavioral economics and some of the most visible Austrian critiques of behavioral economics. While paternalism, nudging, and a focus on irrationalities and biases are a big part of modern behavioral economics, the portrayal of the field of behavioral economics as being focused predominately upon those areas leaves a swath of low-hanging fruit that would be beneficial for Austrian scholars to consume and use in their own work.

Keywords: Austrian economics; behavioral; economics; paternalism; experimental; psychology (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eme:aaeczz:s1529-213420220000026002

DOI: 10.1108/S1529-213420220000026002

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