Necessity of Conversation between Economics and Psychology

Abstract

Economics as one of the humanities which is studying the manner of choosing and exchange of people and also the major consequences of these decisions, always will be accused by psychologists to ignore the evidences and the facts. Economics with establishing of behavioral micro-foundation and forming theories based on these assumptions, claims that this scientific field is consistent. Since the unit of analysis of both these sciences is individual and his/her behavior, the interaction between economics and psychology can be used by economists to theorizing in economics. In this paper we point out deficiencies of the some economic theories in meeting the real observations and some theoretical progress towards dialogue of both sciences and we discuss the necessity and importance of interdisciplinary studies in this area. Finally a teaching and research framework will be presented with emphasis on creation of interdisciplinary studies courses.

Keywords

• behavioral economics
• economics and psychology
• homo economicus
• cross-disciplinarity
• rational behavior
• interdisciplinarity