From Imperialism to Inspiration: A Survey of Economics and Psychology

Bruno Frey and Matthias Benz

No 118, IEW - Working Papers from Institute for Empirical Research in Economics - University of Zurich

Abstract: Economics and psychology are both sciences of human behaviour. This paper gives a survey of their interaction. First, the changing relationship between the two sciences is discussed: while economics was once imperialistic, it has become a science inspired by psychological insights. In order to illustrate this, recent developments and evidence for three major areas are presented: bounded rationality, non-selfish behaviour, and the economics of happiness.

Keywords: economics and psychology; behavioral economics; social science paradigm (search for similar items in EconPapers)
JEL-codes: A10 A12 D00 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-hpe, nep-mic and nep-pke
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Citations: View citations in EconPapers (22)

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Chapter: From Imperialism to Inspiration: A Survey of Economics and Psychology (2004)
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Persistent link: https://EconPapers.repec.org/RePEc:zur:iewwpx:118

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