1. Recall our discussion of Scientific Paradigms and Research programs. What core beliefs of the Classical model did Keynes challenge? Why are classical (and New Classical) Economists so resistant to Keynes theories?
2. What role (if any) did the Mont Pelerin Society (MPS) and its offshoots play in the paradigm shift that occurred in the late 20th Century, in both political and economic thinking?
3. Describe the notion of a bubble as given in the film Mind over Money. What did Vernon Smiths experiment demonstrate
4. From Lakatos’s point of view. Describe the difference between the Rationalists and the Behavioralists as Scientific Research Programs. Why do they not get along?
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