A Brain-Focused Foundation for Economic Science - A Proposed Reconciliation between Neoclassical and Behavioral Economics
General Material Designation
[electronic resources]
First Statement of Responsibility
/Richard B. McKenzie
.PUBLICATION, DISTRIBUTION, ETC
Name of Publisher, Distributor, etc.
Palgrave Macmillan
Date of Publication, Distribution, etc.
,2018
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
231
GENERAL NOTES
Text of Note
English
CONTENTS NOTE
Text of Note
1. Economists' Core Concerns in the History of Economic Thought -- 2. Lionel Robbins and Scarcity -- 3. From Robbins to Friedman and Beyond -- 4. Behavioral Economics, Evolution, and the Human Brain -- 5. The Human Brain: The Ultimate Scarce, Efficient, and Rational Resource -- 6. A Brain-Focused Neoclassical Microeconomics.
0
SUMMARY OR ABSTRACT
Text of Note
This book argues that Lionel Robbins's construction of the economics field's organizing cornerstone, scarcity-and all that has been derived from it from economists in Robbins's time to today-no longer can generate general consent among economists. Since Robbins' Essay, economists have learned more than Robbins and his cohorts could have imagined about human decision making and about the human brain that is the lynchpin of human decision making. This book argues however that behavioral economists and neuroeconomists, in pointing to numerous ways people fall short of perfectly rational decisions (anomalies, biases, and downright errors), have saved conventional economics from such self-contradictions in what could be viewed as a wayward approach. This book posits that the human brain is the ultimate scarce resource, and that a focus on the brain can bring a new foundation for economics and can save the discipline from hostile criticisms from a variety of non-economists (many psychologists).
TOPICAL NAME USED AS SUBJECT
Behavioral economics
Economic history
Economic theory
Schools of economics
Heterodox Economics
LIBRARY OF CONGRESS CLASSIFICATION
Class number
Electronic
Resource
PERSONAL NAME - PRIMARY RESPONSIBILITY
Entry Element
Mckenzie, Richard B
ORIGINATING SOURCE
Country
ایران
Agency
University of Tehran. Library of the Faculty of Economics