Episode · Freakonomics Radio · 2024-07-15
Books mentioned on EXTRA: People Aren’t Dumb. The World Is Hard. (Update)
You wouldn’t think you could win a Nobel Prize for showing that humans tend to make irrational decisions. But that’s what Richard Thaler has done.
Books mentioned, in the order they came up
-
General Theory Of Employment , Interest And Money
The General Theory of Employment, Interest and Money by John Maynard Keynes is a foundational 1936 economic treatise that revolutionized macroeconomics by introducing concepts like aggregate demand, government intervention, and the role of uncertainty in shaping market cycles.
Discussed“The single best chapter on behavioral finance was written by John Maynard Keynes in 'The General Theory,' which was written in 1936.”
Where to get it
Other mentions in this episode (2) — ad reads, self-promotion and passing references, never counted
Passing Misbehaving
“Along the way, he wrote a few books, including 'Misbehaving: The Making of Behavioral Economics' and 'Nudge: Improving Decisions About Health, Wealth, and Happiness.'”
Passing Foundations of Economic Analysis
“And it was led by people like Paul Samuelson and Kenneth Arrow, and Samuelson in particular, he was a University of Chicago undergraduate and then went off to graduate school, and his thesis was called 'Foundations of Economic Analysis.'”