Economists have typically viewed an individual's economic choices as being tightly linked to their preferences, and in turn, their preferences being tightly linked to the welfare associated with those choices. But behavioral economics drove a wedge between choice and preference, and thus, in...

The paper argues that much of the theoretical work on consumer choice theory during the first third of the twentieth century actually addressed some of the same issues discussed in contemporary behavioral economics. This is not generally recognized because the discussion was tied up with the...

This public lecture discusses the criticisms of rational choice theory that have emerged within the recent literature on experimental and behavioral economics, and speculates about the possible impact on the discipline of economics

Lionel Robbins 1932 Essay is one of the most influential methodological works in 20th century economics. This said, the Essay is not philosophically seamless; it exhibits certain tensions that are not easily reconciled within any specific philosophical characterization of scientific knowledge....