In a unique undertaking, Andrew Yuengert explores and describes the limits to the economic model of the human being, providing an alternative account of human choice, to which economic models can be compared.

Vernon Smith (2008) argues that his experimental work is a demonstration of Friedrich Hayek's ‘ecological rationalism'. This assertion is difficult to square with Hayek's apparent dismissal of the possibility of demonstrating ‘ecological rationality' in a laboratory (documented in Smith...