The Community of Advantage: A Behavioural Economist's Defence of the Market

ISBN-13: 9780198825142 / Angielski / Twarda / 2018 / 352 str.

Robert Sugden

Opis

Normative analysis in economics usually aims at satisfying individuals' preferences, valuing economic freedom and viewing markets favourably. Behavioural research, however, shows that individuals' preferences are often unstable. Robert Sugden proposes a reformulation of normative economics compatible with psychology of choice.

Recenzje

Can liberty be preserved while people are nudged to avoid decision errors they say they do not want to make? Read Robert Sugden, a classical liberal behavioural economist, on how opportunities for market discovery provide an answer in The Community of Advantage.

O autorze

Robert Sugden is Professor of Economics at the University of East Anglia, Norwich. He has been a prominent behavioural and experimental economist since the pioneering era of the 1980s. He is also well known for his work in economic theory, methodology of economics, and philosophy of economics. He is the author of The Economics of Rights, Cooperation and Welfare, Experimental Economics: Re-thinking the Rules, and many papers in leading journals of economics and philosophy. Recently his work has focused on reformulating normative economics so that it avoids unrealistic assumptions about individual rationality without becoming paternalistic.