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An Economic Theorist's Book of Tales

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  • Akerlof,George A.

Abstract

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.

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Bibliographic Info

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This book is provided by Cambridge University Press in its series Cambridge Books with number 9780521269339 and published in 1984.

Order: http://www.cambridge.org/uk/catalogue/catalogue.asp?isbn=9780521269339
Handle: RePEc:cup:cbooks:9780521269339

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Web page: http://www.cambridge.org

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Cited by:
  1. Tomasz Zalega, 2012. "Rationality and Methods of Research Into Consumer Market Behavior," Equilibrium, Uniwersytet Mikolaja Kopernika, vol. 7, pages 77-99.
  2. Roger Frydman, 1998. "Représentations de la société marchande et démarches de l'économiste. Le cas des néo-institutionnalismes," Cahiers d'Économie Politique, Programme National Persée, vol. 33(1), pages 57-79.
  3. Alain de Janvry & Elisabeth Sadoulet, 2007. "Toward a territorial approach to rural development," The Electronic Journal of Agricultural and Development Economics, Food and Agriculture Organization of the United Nations, vol. 4(1), pages 66-98.
  4. Oleg Sukharev, 2012. "The Neoinstitutional Contracts Theory: New Perspectives," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 8(1), pages 87-118.
  5. Janvry, Alain de & Sadoulet, Elisabeth, 2004. "Fitting the Facts and Capitalizing on New Opportunities to Redesign Rural Development Programs in Latin America," Brazilian Journal of Rural Economy and Sociology (RESR), Sociedade Brasileira de Economia e Sociologia Rural, vol. 42(3), September.
  6. Foss, Kirsten, 1996. "Transaction costs and technological development: the case of the Danish fruit and vegetable industry," Research Policy, Elsevier, vol. 25(4), pages 531-547, June.
  7. Bruno S. Frey und Matthias Benz, . "Ökonomie und Psychologie: eine Übersicht," IEW - Working Papers 092, Institute for Empirical Research in Economics - University of Zurich.
  8. Bisin, Alberto & Verdier, Thierry, 1998. "On the cultural transmission of preferences for social status," Journal of Public Economics, Elsevier, vol. 70(1), pages 75-97, October.
  9. Fine, Ben, 2002. "Economics Imperialism and the New Development Economics as Kuhnian Paradigm Shift?," World Development, Elsevier, vol. 30(12), pages 2057-2070, December.
  10. Aggarwal, Rimjhim M., 2006. "Globalization, local ecosystems, and the rural poor," World Development, Elsevier, vol. 34(8), pages 1405-1418, August.
  11. Kirsten Foss, 1996. "A Transaction cost Perspective on the Influence of Standards on Product Development Examples from the Fruit and Vegetable Market," DRUID Working Papers 96-9, DRUID, Copenhagen Business School, Department of Industrial Economics and Strategy/Aalborg University, Department of Business Studies.
  12. Spagnolo, Giancarlo, 1999. "Social relations and cooperation in organizations," Journal of Economic Behavior & Organization, Elsevier, vol. 38(1), pages 1-25, January.

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