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An Economic Theorist's Book of Tales

An Economic Theorist's Book of Tales Essays That Entertain the Consequences of New Assumptions in Economic Theory

Hardback (26 Oct 1984)

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Paperback (12 Jun 1984) RRP $63.79 $55.01

Publisher's Synopsis

These essays explore what happens when a skilful economist makes unconventional assumptions. Economic theory has traditionally relied upon a tacit and 'classical' set of assumptions that have gradually acquired a life of their own in defining how economists write and how they justify economic models. Similarly, these assumptions have acquired an autonomous character: they guide the way economists think about the world. In consequence, consideration of alternative assumptions has become taboo. These essays are substantively and stylistically novel because they break these taboos and bring new assumptions into economic theory. The papers apply this adventurous approach to a wide range of issues - from insurance markets and trade in underdeveloped countries to unemployment and discrimination. Some of the essays derive the implications for economic markets of costly asymmetric information. Others explore the findings of other social sciences such as anthropology, psychology and sociology.

About the Publisher

Cambridge University Press

Cambridge University Press dates from 1534 and is part of the University of Cambridge. We further the University's mission by disseminating knowledge in the pursuit of education, learning and research at the highest international levels of excellence.

Book information

ISBN: 9780521263238
Publisher: Cambridge University Press
Imprint: Cambridge University Press
Pub date:
DEWEY: 330.1
DEWEY edition: 19
Language: English
Number of pages: 196
Weight: 393g
Height: 228mm
Width: 152mm