A Brain-Focused Foundation for Economic Science

Beschreibung

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).
 
Presents an innovative way of considering how best to understand economics: the brain-focused approach to scarcity Unifies behavioral inductive findings with neoclassical deductive methods Provides a nuanced critique of the shortcomings of both neoclassical and behavioral economics, while allowing the benefits of both

Autor*in

Richard B. McKenzie

Themen in »A Brain-Focused Foundation for Economic Science«

lionel robbins behavioral economics neoclassical economics heterodox economics neuroscience brain economic theory economic pedagogy economic thought history of economic thought neuroeconomics scarcity perfect rationality efficiency

Stimmen zu »A Brain-Focused Foundation for Economic Science«

 
()

 
()

Details

Link teilen