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A Brain-Focused Foundation for Economic Science : A Proposed Reconciliation between Neoclassical and Behavioral Economics / by Richard B. McKenzie

Publisher (Cham : Springer International Publishing : Imprint: Palgrave Macmillan)
Year 2018
Edition 1st ed. 2018.
Authors *McKenzie, Richard B author
SpringerLink (Online service)

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OB00148729 Springer Economics and Finance eBooks (電子ブック) 9783319768106

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Material Type E-Book
Media type 機械可読データファイル
Size XV, 219 p : online resource
Notes 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.
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)
HTTP:URL=https://doi.org/10.1007/978-3-319-76810-6
Subjects LCSH:Schools of economics
LCSH:Economic history
LCSH:Behavioral economics
LCSH:Economic theory
FREE:Heterodox Economics
FREE:History of Economic Thought/Methodology
FREE:Behavioral/Experimental Economics
FREE:Economic Theory/Quantitative Economics/Mathematical Methods
Classification LCC:HB90-99.722
DC23:330.15
ID 8000022810
ISBN 9783319768106

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