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From Imperialism to Inspiration: A Survey of Economics and Psychology

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  • Bruno S. Frey
  • Matthias Benz

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.

Suggested Citation

  • Bruno S. Frey & Matthias Benz, "undated". "From Imperialism to Inspiration: A Survey of Economics and Psychology," IEW - Working Papers 118, Institute for Empirical Research in Economics - University of Zurich.
  • Handle: RePEc:zur:iewwpx:118
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    File URL: http://www.econ.uzh.ch/static/wp_iew/iewwp118.pdf
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    References listed on IDEAS

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    Cited by:

    1. Bianchi, Ana Maria, 2010. "A propósito de Antonio Maria: tendências recentes da metodologia econômica
      [On behalf of Antonio Maria: recent tendencies in economic methodology]
      ," MPRA Paper 20571, University Library of Munich, Germany.
    2. Margit Osterloh & Bruno S. Frey, 2009. "Research governance in academia: are there alternatives to academic rankings?," IEW - Working Papers 423, Institute for Empirical Research in Economics - University of Zurich.
    3. Slavica Manic, 2016. "Economics Imperialism: SWOT Analysis," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 6(3), pages 151-161, March.

    More about this item

    Keywords

    economics and psychology; behavioral economics; social science paradigm;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • D00 - Microeconomics - - General - - - General

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