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A Brain-Focused Foundation for Economic Science
A Proposed Reconciliation between Neoclassical and Behavioral Economics
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The book critiques Lionel Robbins's foundational concept of scarcity in economics, suggesting it has lost its ability to unify contemporary economists. It explores how Robbins's ideas have shaped economic thought since his time, yet highlights the growing divergence in interpretations and applications of scarcity among modern economists. Through this analysis, the author challenges the relevance of Robbins's framework in today's economic discourse.
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A Brain-Focused Foundation for Economic Science, Richard B. McKenzie
- Language
- Released
- 2018
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- Title
- A Brain-Focused Foundation for Economic Science
- Subtitle
- A Proposed Reconciliation between Neoclassical and Behavioral Economics
- Language
- English
- Authors
- Richard B. McKenzie
- Publisher
- Springer International Publishing
- Publisher
- 2018
- Format
- Paperback
- Pages
- 236
- ISBN13
- 9783030082956
- Category
- Business and Economics
- Description
- The book critiques Lionel Robbins's foundational concept of scarcity in economics, suggesting it has lost its ability to unify contemporary economists. It explores how Robbins's ideas have shaped economic thought since his time, yet highlights the growing divergence in interpretations and applications of scarcity among modern economists. Through this analysis, the author challenges the relevance of Robbins's framework in today's economic discourse.