Senator Obama's ideas, on the other hand, draw heavily on behavioral economics, a left-leaning academic movement that has challenged traditional neoclassical economics over the last few decades. Behavioral economists consider an abiding faith in rationality to be wishful thinking. To Mr. Obama, a simpler program -- one less likely to confuse people -- is often a smarter program. Full Story »
Posted by Kaizar Campwala
while this piece has an interesting analysis, overall there seemed to be some flaws within its constuct premises about the two candidates perspectives. one is the obama-attributed view that 'abiding faith in rationality [is} wishful thinking'. so one example is his plan to have money deducted automatically for retirement savings, based on belief that people won't necessarily rationally choose to save for retirement. however his idea that given incentives to buy health insurance they will act rationally and do so.
