The Economics of the Mind - Softcover

Rizzello, Salvatore

Softcover

ISBN 10: 1840641630 ISBN 13: 9781840641639

Publisher: Edward Elgar Publishing Ltd, 1999

Synopsis

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 calls for the assumptions which make up the foundations of economic theory to be consistent with the mechanisms which guide the workings of the human mind.

The author begins by presenting an historical analysis of the role of knowledge and decision-making, taking into account the work of Hayek and Simon. Salvatore Rizzello then reconstructs the birth and development of neo-institutionalism, experimental economics and evolutionary economics. He discusses economic and social institutions and how these simplify the individual's choices related to knowledge and tasks. Specifically, he examines rules, learning and evolution in neo-institutional economics. The book breaks new ground on the role of the social sciences, and economics in particular, and suggests a move away from neoclassical economics towards a more definite link between economics, psychology and the artificial sciences.

The book will be warmly welcomed by institutional and evolutionary economists, and those working in the field of economic psychology.

About this title

About the Author

Salvatore Rizzello, University of Piemonte Orientale, Italy

Edition details

• Publisher: Edward Elgar Publishing Ltd
• Publication date: 1999
• Language: English
• ISBN 10: 1840641630
• ISBN 13: 9781840641639
• Binding: Paperback
• Edition number: 1
• Number of pages: 224