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A Brain-Focused Foundation for Economic Science = A Proposed Reconciliation between Neoclassical and Behavioral Economics /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	A Brain-Focused Foundation for Economic Science/ by Richard B. McKenzie.
Reminder of title:	A Proposed Reconciliation between Neoclassical and Behavioral Economics /
Author:	McKenzie, Richard B.
Description:	XV, 219 p.online resource. :
Contained By:	Springer Nature eBook
Subject:	Schools of economics. -
Online resource:	https://doi.org/10.1007/978-3-319-76810-6
ISBN:	9783319768106

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

A Brain-Focused Foundation for Economic ScienceA Proposed Reconciliation between Neoclassical and Behavioral Economics /[electronic resource] :by Richard B. McKenzie. - 1st ed. 2018. - XV, 219 p.online resource.

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).

ISBN: 9783319768106

Standard No.: 10.1007/978-3-319-76810-6doiSubjects--Topical Terms:

1259436
Schools of economics.

LC Class. No.: HB90-99.722

Dewey Class. No.: 330.15

A Brain-Focused Foundation for Economic Science = A Proposed Reconciliation between Neoclassical and Behavioral Economics /
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520 $a 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).
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