The dismal science cheers up
Something strange has happened. Economics has became fun and is now full of people investigating human frailties and quirks, following hunches, sharing anecdotes, and playing lots of games. Many of them are also able to write with real verve.
Two strands of the new humanism sweeping economics are ‘behavioral economics’ and ‘freakonomics’. Each gets a fresh treatment in two new books: Misbehaving: The making of behavioral economics and When to Rob a Bank: A Rogue Economist’s Guide to the World from the duo who brought us Freakonomics.