Here is an article on the "Top Ten Mysteries of The Mind". Despite centuries of biological, psychological, and philosophical probing, we still do not fully understand some of the most basic functions of the mind. What is un/sub/consciousness? How do we make decisions? How do we form memory? Do we have psychic powers (I'm still hoping...)? Research in this field holds powerful implications in economics, primarily in re-evaluating the most basic and long-held assumptions of neoclassical theory (unbounded rationality, unwavering self-interest, marginal decision making, etc.). Many of these ideas and assumptions have continued to be tested by behavioral economists/psychologists.
It appears that as we endeavor to analyze and criticize economic theories (both mainstream and non-mainstream) we need to be conscious of the role of both the social and natural sciences on the development of our ideas. The complexities, limitations, and interrelations of the social and natural sciences all contribute to the further understanding of ourselves and the world we live in, ultimately shaping the theoretical structures we form to explain them.
Some links for interesting articles
Link #1 - "An Oil Quandary" - but not the kind of oil you are probably thinking about...
Link #2 - "Economists Debate Quickest Cure" - what should we do about our weakening economy? No real surprises in their recommendations...
Sean
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