Humanizing The Economic Actors In Economics/NYT on AEA Conference Address

Interesting article about the annual January gathering of thousands of economists at the biggest economics conference in the world.

I was a psychology major in college and loved all of the strange experiments involving humans in social situations. I was surprised when I studied economics in graduate school and I discovered that almost all economists' models made patently false assumptions about the nature of human interaction.

Perhaps, the preference of the discipline for assumptions about humans that make us perfectly rational, maximizing egoists is about to undergo some changes. This is a critique from within the ruling schools of economics.

I am hopeful that the discipline will change faster than Paul Samuelson's quip that economics tended to change only "one funeral at a time."