Behavioral economics should complement, not substitute for, more substantive economic interventions [of] traditional economics. [contrarian]
It seems that every week a new book or major newspaper article appears showing that irrational decision-making helped cause the housing bubble . . . It’s becoming clear that behavioral economics is being asked to solve problems it wasn’t meant to address . . . Behavioral economics should complement, not substitute for, more substantive economic interventions [of] traditional economics.
Philip Mirowski, Never Let a Serious Crisis …, loc. 745