By Roger Mccain
This is the 1st book-length paintings to combine the insights of cognitive technological know-how totally into economics. It experiences quite a lot of similar paintings in either fields and proposes new methods to selection conception, rationality, and interplay (equilibrium) which are in step with the constrained cognitive skill of actual humans. whereas becoming a member of with neoclassical economics in assisting the validity of supply-and-demand thought the place it really is actually acceptable, McCain demanding situations such a lot neoclassical concept, in particular monopoly, oligopoly, and common equilibrium conception and welfare economics. His paintings goals to additional and unite contemporary notions of behavioral and social economics.
This very important paintings might be of curiosity to behavioral, social, and Keynesian economists, in addition to different social scientists and philosophers drawn to financial phenomena.
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Additional info for A Framework for Cognitive Economics
A Framework for Cognitive Economics by Roger Mccain