Micromotives and Macrobehavior. was originally published over twenty-five years ago, yet the stories it tells feel just as fresh today. And the subject of these stories -- how small and seemingly meaningless decisions and actions by individuals often lead to significant unintended consequences for a large group -- is more important than ever. In one famous example, Thomas C. Schelling shows that a slight-but-not-malicious preference to have neighbors of the same race eventually leads to completely segregated populations. The updated edition of this landmark book contains a new preface and the author\'s Nobel Prize acceptance speech.
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Mr. Schelling's [book] transformed the way many economists think about the relationship between competition and social welfare. -- Robert Frank
Mr. Schelling s [book] transformed the way many economists think about the relationship between competition and social welfare. --Robert Frank"
Schelling's [book] transformed the way many economists think about the relationship between competition and social welfare.--Robert H. Frank
Thomas C. Schelling (1921-2016) was the co-winner of the 2005 Nobel Memorial Prize for Economic Science and the Distinguished University Professor Emeritus of Economics and Public Policy at the University of Maryland.
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