Humanomics and Its Interlocutors: On Making Observation Primary

In this essay I respond to a set of contributions engaging with the project Vernon Smith and I present in Humanomics (2019). I frame their diverse perspectives around a central choice: whether economists begin with constrained optimization or with observation of human conduct. The stakes extend beyond any single essay to how economists conceive and conduct their inquiry.

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Linguistic Intervention Unlocks the Economic Gains of Diversity

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Constrained Optimization or Observation? On What Economists Take as Primary