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Book Reviews _______ . 1991. Wandering around the Warranted Path: Dynamic Nonlinear Solutions to the Harrodian Knife-Edge, in Kaldor and Mainstream Economics: Confrontation or Convergence? edited by E.J. Nell and W. Semmler. London: Macmillan. _______ . 1992. A Dynamic Approach to the Theory of Effective Demand, in Profits, Deficits and Instability, edited by D. Papadimitriou. London: Macmillan. Eastern Economic Journal (2013) 39, 260–263. doi:10.1057/eej.2011.30 The Thief of Time: Philosophical Essays on Procrastination. Edited by Chrisoula Andreou and Mark White. Oxford University Press, Oxford, 2010. 320pp., $65.00. ISBN: 978-0-195-37668-5. Jonathan B. Wight University of Richmond Behavioral economics has several research agendas. One concerns why humans consistently procrastinate. The Thief of Time is a collection of essays, many of which were prepared for a 2008 workshop in New York organized by Chrisoula Andreou and Mark White. The chapters suggest that the problem of delaying effort is widespread and economically significant. An action is not procrastination unless delay is irrational. An agent who procrastinates “pays a steep price in the form of reduced well-being and shoddy work” [p. 3]. Yet humans engage in self-deception about motives and rationales for delay, or permit self-evasiveness and vagueness of goals to persist. Preference reversals and
Eastern Economic Journal – Springer Journals
Published: Mar 12, 2013
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