TY - JOUR
T1 - The syllogism of neuro-economics
AU - Padoa-Schioppa, Camillo
PY - 2008/11
Y1 - 2008/11
N2 - If neuroscience is to contribute to economics, it will do so by the way of psychology. Neural data can and do lead to better psychological theories, and psychological insights can and do lead to better economic models. Hence, neuroscience can in principle contribute to economics. Whether it actually will do so is an empirical question and the jury is still out. Economics currently faces theoretical and empirical challenges analogous to those faced by physics at the turn of the twentieth century and ultimately addressed by quantum theory. If "quantum economics" will emerge in the coming decades, it may well be founded on such concepts as cognitive processes and brain activity.
AB - If neuroscience is to contribute to economics, it will do so by the way of psychology. Neural data can and do lead to better psychological theories, and psychological insights can and do lead to better economic models. Hence, neuroscience can in principle contribute to economics. Whether it actually will do so is an empirical question and the jury is still out. Economics currently faces theoretical and empirical challenges analogous to those faced by physics at the turn of the twentieth century and ultimately addressed by quantum theory. If "quantum economics" will emerge in the coming decades, it may well be founded on such concepts as cognitive processes and brain activity.
UR - http://www.scopus.com/inward/record.url?scp=55549095161&partnerID=8YFLogxK
U2 - 10.1017/S0266267108002071
DO - 10.1017/S0266267108002071
M3 - Review article
C2 - 19050765
AN - SCOPUS:55549095161
SN - 0266-2671
VL - 24
SP - 449
EP - 457
JO - Economics and Philosophy
JF - Economics and Philosophy
IS - 3
ER -