The Nobel Prize and Behavioral Economics: Anything Here for Austrians? – Tom Woods Show

From The Tom Woods Show

Ep. 1021 The Nobel Prize and Behavioral Economics: Anything Here for Austrians?

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Gene Epstein of Barron’s joins me to discuss Richard Thaler, this year’s recipient of the Nobel Prize in economics, who has helped to popularize “behavioral economics,” and how to deal with situations in which people behave “irrationally” (that is, unlike the way neoclassical economics expects them to).

About the Guest

Gene Epstein is economics and book review editor of Barron’s.

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