Choices Quote by Kyle Hill

“Standard economics assumes that we are rational... But, as the results presented in this book (and others) show, we are far less rational in…

— Dan Ariely

We are all far less rational in our decision-making than standard economic theory assumes. Our irrational behaviors are neither random nor senseless: they are…

— Dan Ariely

Economics has increasingly become the science of human behavior in general, and it's all the more unlikely to think that it can possibly be…

— Michael Sandel

At best the principles that economists have supposed the choices of rational individuals to satisfy can be presented as guidelines for us to consider…

— John Rawls

Human rationality depends critically on sophisticated emotionality. It is only because our emotional brain works so well that our reasoning can work at all.

— Jonathan Haidt

Our assessment of socio-economic worth is largely a sham. We scientists should not lend ourselves to it - though we routinely do. We should,…

— John Charles Polanyi

When you look at any experimental work not directly related to economics, but trying to test rational behavior in other ways, experiments have conspicuously…

— Kenneth Arrow

The economists will have to revise their theories of value.

— Albert Einstein

“It is telling commentary on economic orthodoxy that a whole subdiscipline--behavioral economics--and a raft of lab experiments are needed to show that humans often…

— Kaushik Basu

The notion of humans as inherently rational beings has been not only trashed in economics, but trashed in all the best research on moral…

— Robert Sapolsky

Most economics that is taught in college and universities today projects itself as a value-neutral science. This claim has always been open to question,…

— Michael Sandel

Economics is a theoretical science and as such abstains from any judgement of value. It is not its task to tell people what ends…

— Ludwig von Mises