Joren De Wachter

The dogma's of neoclassical economic thinking dominate our public debate.

Yet scientific research has clearly relegated concepts such as "rational self-interest" or "market equilibrium" to the intellectual dustbin of history.

This mismatch is very dangerous - our policies are based on an outdated, and demonstrably wrong, toolkit of concepts and ideas.

It is time to show the emperor (neoclassical economic thinking) is naked, and refute assumptions that are still widely held both by policy makers and the media.