The behavioral economics of John Maynard Keynes.

The book review discusses "The behavioral economics of John Maynard Keynes" by Ronald Schettkat, exploring the connections between Keynes' ideas and behavioral economics. Schettkat argues that behavioral economics challenges traditional neoclassical assumptions and offers new insights into economic theory. The book delves into specific topics such as rational choice theory, risk and uncertainty, intertemporal choice, and pro-social behaviors, highlighting how Keynes' ideas align with behavioral economics. Schettkat calls for a reevaluation of Keynesian economics by incorporating empirical insights from behavioral economics. [Extracted from the article]