Thaler’s short paper is written to forecast the future of economics. The author states at the top that he will be subject to certain biases and also suggests good reasons why he will be subject to them. But, it turns out that the forecasts themselves are not supported by objective reasons to convince the reader that his forecasts will be realized and others will not. This is too bad, for the reader is then left with Thaler’s subjective opinion of what directions, and not others, economics should (will) take.
Neher, P.A. Comments on Richard H. Thaler, From Homo Economicus to Homo Sapiens, Journal of Economic Perspectives 14-1, Winter 2000, 133-14. In: Microbehavior and Macroresults:Proceedings of the Tenth Biennial Conference of the International Institute ofFisheries Economics and Trade, July 10-14, 2000, Corvallis, Oregon, USA.Compiled by Richard S. Johnston and Ann L. Shriver. InternationalInstitute of Fisheries Economics and Trade (IIFET), Corvallis, 2001.