TY - BOOK AU - Sugden,Robert TI - The community of advantage: a behavioural economist's defence of the market SN - 9780198825142 (hardback) U1 - 330.019 23 PY - 2018/// CY - Oxford, United Kingdom PB - Oxford University Press KW - Economics KW - Psychological aspects KW - LCSH KW - Verhaltensökonomie N1 - Includes bibliographical references (pages 297-311) and index; The liberal tradition and the challenge from behavioural economics -- The view from nowhere -- The contractarian perspective -- The inner rational agent -- Opportunity -- The invisible hand -- Regulation -- Psychological stability -- Intrinsic motivation, kindness, and reciprocity -- Cooperative intentions -- The principle of mutual benefit N2 - 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 ER -