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Studies in psychology, neuroscience, biology, and many of the social sciences have long illustrated that human beings react very different from what economics textbooks tell you to expect when they are operating under conditions of radical uncertainty.

This research project explores the interaction between group identities and decisions to engage in collective action to secure access to public goods, such as education.

Economic activity cannot be explained solely by modeling rational behavior. Our partnership with the Kiel Institute brings interdisciplinary scholars together to develop new perspectives on human motivation and decision-making.

This research project uses spatial cross-sectional variation in addition to time series variation to estimate fiscal multipliers; the impact of anti-predatory lending laws on housing prices, default rates, and foreclosures; and the impact of raising wages during recessions.

In a recent post I wrote: “I am sure it will not take long before Journal of the History of Economic Thought (Cambridge Uni. Press) makes that list [Thompson Reuters, Social Science Citation Index].”

The Uncertainty of Retirement in the New Economy

What is economics for? What is it about? How should it be done? How can it be of use to us? How is it connected to morals and politics?