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Scarcity: The New Science of Having Less and How It Defines Our Lives

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In this provocative book based on cutting-edge research, Sendhil Mullainathan and Eldar Shafir show that scarcity creates a distinct psychology for everyone struggling to manage with less than they need. Busy people fail to manage their time efficiently for the…
Policy and Choice: Public Finance through the Lens of Behavioral Economics
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|December 14, 2011

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Traditional public finance provides a powerful framework for policy analysis, but it relies on a model of human behavior that the new science of behavioral economics increasingly calls into question. In Policy and Choice economists William Congdon, Jeffrey Kling,…