The New York Times recently ran this article on the work of Carl Hart. Here is a video about Professor Hart's work.
Professor Bruce Bueno de Mesquita book, The Predictioneer's Game: Using the Logic of Brazen Self-Interest to See and Shape the Future, was also discussed in the New York Times. And here is Professor Bueno de Mesquita discussing who is rational.
Joe Stiglitz in the London Review of Books argues that there is no "invisible hand" of the competitive market. He argues instead that "economic theory never provided much support for these free market views." In 2012, Nobel Prize winners Paul Krugman and Joe Stiglitz sat down for a conversation on the economy.
What does this say about the state of rational choice theory, social science, and public policy?