"[There will be movement toward] behavioral economics... [which] involves study of those aspects of men’s images, or cognitive and affective structures that are more relevant to economic decisions."
— Kenneth Boulding

January 1, 1970

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MysticsPhilosophers from the United StatesQuakersEconomists from the United StatesPeople from Liverpool
Original Language: English

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Alm proceeds by stating: "Given the essential role of psychological insights in the field, together with the obvious truism that all economics concerns “behavior” in one form or another, a more descriptive name for the field is perhaps “cognitive economics”, as recognized early on by Boulding (1958)."