Tag Archives: Bowles

I've been trying to read this. Not a huge fan of the field of behavioral economics (or here; subscription required). Don't get me wrong, yes, it provides some critiques of elements of the mainstream (marginalist) approach, regarding essentially the notion of individual rationality, as did the work of, say, Herbert Simon, in the past. People don't tend to act in a rational way, at least not in the substantive way that is prescribed by the mainstream.Evidence on the notion of universal...

As I noted before I've been teaching a Political Economy course, which I assumed right before classes began, and, I decided to keep the textbook, since it was already ordered. The book is written by Bowles, Edwards, and in the last edition, Roosevelt and is titled Understanding Capitalism. I discussed before the meaning of capitalism here (see also this on the use of the term capitalism as a proxy for free market policies).Here just a brief comment on the use of the idea of modes of...