ECON 361T(S) Questioning the Philosophical and Psychological Foundations of Economics
This tutorial will focus on issues in which the standard economic model generates recommendations that are at odds with either the current political consensus or the behavior of most individuals. The answer may involve using a more sophisticated economic analysis or challenging the standard premises of economics, such as rationality and consequentialism. Examples of policies that might be discussed include: sale of one's own kidney; allowing (informed?) workers to work in dangerously polluted environments, selling the outcome of a lawsuit. Students will also be free to formulate their own problems. Course requirements: Students will alternate writing papers every other week. The papers are expected to be delivered by Monday and the fellow students will write detailed comments. Format: tutorial. Prerequisites: two semesters of economics, and an upper level theory class in either economics, philosophy or psychology, or the consent of the instructor. Enrollment limit: 10.
Hour: A. WEISS