A Brain Focused Foundation for Economic Science is popular PDF and ePub book, written by Richard B. McKenzie in 2018-06-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, A Brain Focused Foundation for Economic Science can be Read Online from any device for your convenience.
A Brain Focused Foundation for Economic Science Book PDF Summary
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).
Detail Book of A Brain Focused Foundation for Economic Science PDF
- Author : Richard B. McKenzie
- Release : 06 June 2018
- Publisher : Springer
- ISBN : 9783319768106
- Genre : Business & Economics
- Total Page : 219 pages
- Language : English
- PDF File Size : 14,6 Mb
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