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One of the key outcome of the concept of Scientific Revolutions (T. Kuhn) is that a science is conservative.
According to Chetty (2015), behavioral economics represents a natural challenge to neoclassical economic methods.
The simple idea of libertarian paternalism is that people’s choices can be subtly manipulated in ways that make them better off, without limiting the range of options available to them.
According to Chetty (2015) the crucial issue of neoclassical economic methods is weak “realism” of its assumptions.
Proponents of the so-called credibility revolution aim to:
What is meta-analysis?
Why does publication bias arise?
R. Chetty in Yes, Economics Is a Science, argues that economics is a science because:
Public Choice theory admits that both policymakers and bureaucrats have their self-interest and do not serve as pure instruments in maximizing social welfare function. This observation implies that