Neoclassical economics assumes that people are highly rational and can reason their way through complex economic problems. Author Peyton Young argues more realistically that people have limited understanding of their environment, are often shortsighted, and occasionally act in perverse ways. He shows how the cumulative experiences of many such individuals coalesce over time into the norms that govern economic and social life.
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Neoclassical economics assumes that people are highly rational and can reason their way through complex economic problems. Author Peyton Young argues more realistically that people have limited understanding of their environment, are often shortsighted, and occasionally act in perverse ways. He shows how the cumulative experiences of many such individuals coalesce over time into the norms that govern economic and social life.
Read Less
Add this copy of Individual Strategy and Social Structure: An to cart. $77.51, new condition, Sold by Ingram Customer Returns Center rated 5.0 out of 5 stars, ships from NV, USA, published 2001 by Princeton University Press.
