Science News

Economics is at the start of a revolution that is traceable to an unexpected source: medical schools and their research facilities.

Researchers from the field of neuroscience are introducing new concepts into the study of economics, turning the once-rational discipline on its head. One of the most recent texts to surprise economists is Paul Glimcher's Foundations of Neuroeconomic Analysis. "Glimcher is skeptical of prevailing economic theory, and is seeking a physical basis for it in the brain. He wants to transform 'soft' utility theory into 'hard' utility theory by discovering the brain mechanisms that underlie it."

Economics is at the start of a revolution that is traceable to an unexpected source: medical schools and their research facilities. Neuroscience – the science of how the brain, that physical organ inside one’s head, really works – is beginning to change the way we think about how people make decisions. These findings will inevitably change the way we think about how economies function. In short, we are at the dawn of “neuroeconomics.”

Articles about NEUROSCIENCE http://www.scoop.it/t/science-news?tag=neuroscience