Does Behavioral Economics Make Any Sense?

I spoke with Kenneth Arrow, Stanford Professor and Nobel Prize-winning economist, for about an hour last week. Dr. Arrow is perhaps most famous for the eponymous Arrow's Impossibility Theorem, one of the cooler ideas in public choice economics. But his work is wide ranging and we talked mostly about other topics, including the state of modern economics, the concept of general equilibrium analysis, and behavioral economics.

Please continue reading my interview here.