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

In: Contemporary Methods and Austrian Economics

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  • Jason A. Aimone

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.

Suggested Citation

  • Jason A. Aimone, 2022. "Austrian Critiques of Behavioral Economics: Common Misconceptions and Low-Hanging Fruit," Advances in Austrian Economics, in: Contemporary Methods and Austrian Economics, volume 26, pages 17-33, Emerald Group Publishing Limited.
    • Handle: RePEc:eme:aaeczz:s1529-213420220000026002
    DOI: 10.1108/S1529-213420220000026002
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