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The Chicago School was criticised not only by behavioural economists and psychologists, though, but also by other (fairly orthodox, eg New Keynesian) economists
by FabHK 3y ago
The Chicago School was criticised not only by behavioural economists and psychologists, though, but also by other (fairly orthodox, eg New Keynesian) economists [0]. This is not to distract from Kahneman's monumental contributions (many together with Tversky, as narrated in the book The Undoing Project by Michael Lewis).
[0] see e.g. https://www.nytimes.com/2009/09/06/magazine/06Economic-t.html https://www.nytimes.com/2009/09/06/magazine/06Economic-t.htm...