The foundation of the modern economy in the vision of Dan Ariely and Richard Thaler Cover Image

Fundamentele economiei moderne în viziunea lui Dan Ariely și Richard Thaler
The foundation of the modern economy in the vision of Dan Ariely and Richard Thaler

Author(s): Dumitru-Dănuţ Mercan, Maria-Isabela Cristescu
Subject(s): Economic history
Published by: EDITURA ASE
Keywords: behavioral economics; Richard Thaler; Adam Smith; Dan Ariely; classical economics;

Summary/Abstract: This paper aims to present the vision of modern economics two of the activists and supporters of the notion of behavioral economics, these two personalities being represented by Richard Thaler, Nobel Prize winner for economics, and Dan Ariely. The presentation of the ideas of the two authors is made in the context of the concomitant illustration of the ideologies of classical economics regarding the aspects analyzed by the authors during the study of behavioral economics.