Issue 3, 2010

The Economics of the Crisis and the Crisis of Economics
Lessons from Behavioral Economics

Esther-Mirjam Sent & Floris Heukelom


Esther-Mirjam Sent

Esther-Mirjam Sent is Professor of Economic Theory and Policy at the Radboud University Nijmegen in the Netherlands. Before this, she was affiliated with the University of Notre Dame in the US and also a visiting fellow at the London School of Economics, Erasmus University Rotterdam, and the Netherlands Institute for Advanced Study in the Humanities and Social Sciences (NIAS). Her research interests include the history and philosophy of economics as well as the economics of science, and was published in, amongst others, two books: The Evolving Rationality of Rational Expectations: An Assessment of Thomas Sargent’s Achievements (Cambridge University Press, 1998) that was awarded the 1999 Gunnar Myrdal Prize of the European Association for Evolutionary Political Econ-omy, and Science Bought and Sold: Essays in the Economics of Science (University of Chicago Press, 2002; edited with Philip Mirowski). She is also member of the Raad voor Maatschappelijke Ontwikkeling (RMO), co-editor of the Journal of Institutional Economics and the Academische Boekengids and member of the Board of Oversight of Plan Nederland. Recently her research interests moved towards behavioral economics, experimental economics, and economic policy. Esther-Mirjam Sent ob-tained her PhD in 1994 at Stanford University in the US, under the super-vision of Nobel Laureate Kenneth Arrow. In 2009 she won the Frans Duynstee award for the Radboud University member with the most media appearances. She won the prize for the many times she commented on the economic crisis in the media.

Floris Heukelom

Floris Heukelom is Assistant Professor of Economics at Radboud Univer-isty Nijmegen, The Netherlands. His research includes the history of behavioral economics, and more generally the interactions between economists and psychologists during the twentieth century. Among others, his research is published in the Journal of the History of the Behavioral Sciences and History of Political Economy. He is currently working on a book on behavioral economics. More information can be found at