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Economics and psychology in the twenty-first century
Authors:Earl  Peter E
Institution:* University of Queensland
Abstract:This paper begins by exploring four different possible formsof relationship between economics and psychology, which havedifferent connotations in terms of the relative status of thetwo disciplines. It then focuses on the future for one of these,psychological economics. After setting out the hardcore axiomsand positive and negative heuristics of a research programmein psychological economics, it explores institutional and psychologicalbarriers to the success of such a research programme in thecontext of both research and teaching.
Keywords:Psychological economics  Behavioural economics  Bounded rationality  Scientific research programme
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