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Bounded Rationality in Choice Theory: A Survey

By Geoffroy de Clippel and Kareen Rozen

Journal of Economic Literature, September 2024

A vibrant literature incorporates elements of bounded rationality into choice theory. We survey this work, discussing five central ways in which the literature has modeled departures from the rational choice procedure. We discuss the variety of purposes a...

www.aeaweb.org/articles?id=10.1257/jel.20231592

Minutes of the Executive Committee Meetings

American Economic Review, May 2002

www.aeaweb.org/articles?id=10.1257/000282802320191859

Information Cascades and Social Learning

By Sushil Bikhchandani, David Hirshleifer, Omer Tamuz, and Ivo Welch

Journal of Economic Literature, September 2024

Social learning is the updating of beliefs based on observation of others. Such observation can lead to efficient aggregation of information, but also to inaccurate decisions, fragility of mass behaviors, and, in the case of information cascades, to compl...

www.aeaweb.org/articles?id=10.1257/jel.20241472

Religion and Growth

By Sascha O. Becker, Jared Rubin, and Ludger Woessmann

Journal of Economic Literature, September 2024

We use the elements of a macroeconomic production function—physical capital, human capital, labor, and technology—together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue that rel...

www.aeaweb.org/articles?id=10.1257/jel.20231666

Temporary Employment in Markets with Frictions

By Tito Boeri and Pietro Garibaldi

Journal of Economic Literature, September 2024

Temporary employment has spiked in OECD countries over the last 40 years and is now a common feature of their labor market landscape. A large body of empirical literature examines the spread of temporary employment, but no systematic review and interpreta...

www.aeaweb.org/articles?id=10.1257/jel.20231655

A Journey into Harold Hotelling's Economics

By Marion Gaspard, Antoine Missemer, and Thomas Michael Mueller

Journal of Economic Literature, September 2024

Harold Hotelling (1895–1973) was a major contributor to twentieth-century American economics. The overall thrust of his research, and his view of the role of mathematics in the discipline, have so far received little attention. Based on an unprecedent...

www.aeaweb.org/articles?id=10.1257/jel.20231700

Can Marshall plus Malthus Explain the Evolution of Ancient Societies? A Review of Economic Prehistory by Dow and Reed

By Samuel Bowles and Amy Bogaard

Journal of Economic Literature, September 2024

In a work of extraordinary scope and scholarship, Gregory K. Dow and Clyde G. Reed deploy conventional microeconomic theory to explain "six transitions that shaped the world," namely, the transitions to sedentism, farming, inequality, war, cities, and sta...

www.aeaweb.org/articles?id=10.1257/jel.20221713

France after 1789: Essay on Elster's France before 1789

By Antoine Parent

Journal of Economic Literature, September 2024

In this essay on Elster's book (2020), I expose my concerns about the ability of behavioral tools to correctly address the transition phase between the absolutist regime and the democratic institutions inherited from the French Revolution. Rehabilitating ...

www.aeaweb.org/articles?id=10.1257/jel.20221651