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Crusoe’s Kingdom: Cost, Choice and Political Economy

In: Unknowledge and Choice in Economics

Author

Listed:
  • J. Wiseman
  • S. C. Littlechild

Abstract

Robinson Crusoe is the economist’s archetypal expository device. He is used to illustrate individual consumption and investment decisions before Friday is wheeled on to illustrate trade. But a reading of Defoe’s novel reveals a somewhat different picture. Crusoe’s own decision-making process is significantly richer than that envisaged in economics textbooks. Furthermore, Crusoe and Friday never engage in trade: their relationship is somewhere between that of a firm and a command economy.

Suggested Citation

  • J. Wiseman & S. C. Littlechild, 1990. "Crusoe’s Kingdom: Cost, Choice and Political Economy," Palgrave Macmillan Books, in: Stephen F. Frowen (ed.), Unknowledge and Choice in Economics, chapter 7, pages 96-128, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-08097-7_7
    DOI: 10.1007/978-1-349-08097-7_7
    as

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