There is indeed ample data that institutions and individuals can wreak havoc when they deviate from certain principles of logic and objectivity. There is also a good deal of dispiriting evidence about the rationality of voters that spurs questions about the effectiveness—and even the legitimacy—of democratic government. Yet much of the work of cognitive scientists—even fascinating Nobel Prize-winning research by Daniel Kahneman—leaves me edified but not alarmed. The human capacity for reason may be fragile and partial but it is not belied by studies in which large percentages of subjects answer a few tricky questions incorrectly.
Don't let the Nobel prize fool you. Economics is not a science | Joris Luyendijk | Comm... - 1 views
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