EconPapers    
Economics at your fingertips  
 

The Homer economicus narrative: from cognitive psychology to individual public policies

Guilhem Lecouteux

Journal of Economic Methodology, 2023, vol. 30, issue 2, 176-187

Abstract: A common narrative among some behavioural economists and policy makers is that experimental psychology highlights that individuals are more like Homer Simpson than the Mr Spock imagined by neoclassical economics, and that this justifies policies aiming to ‘correct’ individual behaviours. This narrative is central to nudging policies and suggests that a better understanding of individual cognition will lead to better policy prescriptions. I argue that this Homer economicus narrative is methodologically flawed, and that its emphasis on cognition advances a distorted view of public policies consisting in fixing malfunctioning individuals, while ignoring the characteristics of the socio-economic environment that influence individuals’ behaviours.

Date: 2023
References: Add references at CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1080/1350178X.2023.2192222 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The Homer economicus narrative: from cognitive psychology to individual public policies (2023)
Working Paper: The Homer Economicus Narrative: From Cognitive Psychology to Individual Public Policies (2022) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:taf:jecmet:v:30:y:2023:i:2:p:176-187

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/RJEC20

DOI: 10.1080/1350178X.2023.2192222

Access Statistics for this article

Journal of Economic Methodology is currently edited by John Davis and D Wade Hands

More articles in Journal of Economic Methodology from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().

 
Page updated 2023-11-30
Handle: RePEc:taf:jecmet:v:30:y:2023:i:2:p:176-187