The Economics of the Mind

Released on by Salvatore Rizzello
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  • The Economics of the Mind Book Detail

  • Author : Salvatore Rizzello
  • Release Date : 1999
  • Publisher : Edward Elgar Publishing
  • Genre : Business & Economics
  • Pages : 232
  • ISBN 13 :
  • File Size : 6,6 MB
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The Economics of the Mind by Salvatore Rizzello PDF Summary

Book Description: Psychology must be taken into greater account in making the assumptions underlying economic theory congruent with how people actually make choices guiding behavior, according to this move away from the neoclassical paradigm. Rizzello (economics, U. of Torino, Italy) analyzes the debate raging since the 1930s over the role of knowledge between the Walrasian "objective" approach and Austrian School exponents such as Hayek, who acknowledged the partly unconscious nature of decision-making. The author then traces the development of neo-institutionalism, experimental economics, and evolutionary economics exemplified by the new theory of the firm; and discusses implications of the neurobiological approach. First published as L'Economia Della Mente (1997). Annotation copyrighted by Book News, Inc., Portland, OR

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