Economics is often defined as the science of choice or human action. But choice and action are essentially mental phenomena, an aspect rarely mentioned in the economics discourse. Choice, while not always a conscious or rational process, is held to involve beliefs, desires, intentions and arguably even free will. Actions are often opposed to mere bodily movements, with the former being in some sense only understandable in reference to mental processes while the latter are understandable in entirely non-mental, physical terms. While philosophers have long concerned themselves with the connections between these concepts, economists have tended to steer clear of what might appear to be an a priori debate. At the same time, philosophers working on these important notions have tended to not dirty their hands with the empirical, real-world applications in which economists are specialized. This volume fills these gaps by bringing economists and philosophers of mind together to explore the intersection of their disciplines.
The Economics of the Mind addresses economics from the perspective of real men and women: how they assess things, decide and act. It looks at the choices we make, and...
Widely cited as the best text in economic psychology, this new and revised edition offers the latest thought on what goes on inside our heads when we engage in the...
The Economic Mind: The Social Psychology of Economic Behaviour
Samuel M. McClure , David I. Laibson , George Loewenstein , and Jonathan D. Cohen , “ Separate Neural Systems Value Immediate and Delayed Monetary Rewards , ” Science 306 ( 2004 ) : 503–7 . Note : this interpretation of the limbic ...
The Economic mind of America examines: * the concept of 'American' economic thought * reassessment of pioneering American policy analysts such as Irving Fisher, Wesley Mitchell, Harold Moulton and Leo Paslovsky, as well as the theoretical ...
In this pioneering book, Patrick Schotanus explains that economics’ mechanical worldview is the ontological error which leads to flawed thinking and faulty practices.
This book seeks to show how that original humane and social focus can be renewed. The many particular topics the book examines can be traced to two central ideas.
The Economy in Mind
Marshall followed Mansel in his belief that human experience was central to human life, and central to the human experience was the experience of time. It is also central to economic life, and this is one way in which Marshall applied ...
"Economics used to be called the 'dismal science'. It will be impossible for anybody to hold that view anymore ... This is science with flesh and blood, and a lot of fascinating stories that you will find nowhere else.