The community of advantage : a behavioural economist's defence of the market / Robert Sugden.
Material type: TextLanguage: English Original language: English Publication details: Oxford, United Kingdom Oxford University Press, 2018Description: xxii, 320 pages : illustrations ; 24 cmISBN: 9780198825142 (hardback)Subject(s): Economics -- Psychological aspects | Economics -- Psychological aspects | VerhaltensökonomieDDC classification: 330.019Item type | Current library | Call number | Status | Date due | Barcode |
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Textual Documents | Institute of Development Studies Kolkata | 330.019 Su33c (Browse shelf (Opens below)) | Available | 8365 |
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.
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.
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