rowland manthorpe dot com

It’s been hard getting back to blogging after the summer holidays. I thought I’d start with a bang, by directing your attention to an article the FT published almost a month ago. Woo!

Keir Martin echoes a point I made in my Spectator review of Sway:

One response to the current crisis has been a rise in the popularity of behavioural economics, which examines the psychological and emotional factors behind transactions. These models drop the assumption of the rational actor yet implicitly keep the same model of economic rationality at their heart. We may diverge from the path of rationality for all sorts of psychological reasons but only because emotion, Keynes’s famous “animal spirits”, clouds our judgment.

Hat doff: JCW.

Tweet This  Delicious This  Digg This