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Finance Behind the Veil of Money: Response to Dr. Braun’s Comment

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  • Howden, David

Abstract

What is the relationship between opportunity cost, choice and action? In my review of Eduard Braun´s Finance Behind the Veil of Money (2014), I took exception with his view that opportunity costs are not only unnecessary, but even detrimental to understand decision making. The most substantial difference between our views comes from Braun´s treatment of the relationship between opportunity cost and choice.

Suggested Citation

  • Howden, David, 2016. "Finance Behind the Veil of Money: Response to Dr. Braun’s Comment," MPRA Paper 79798, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:79798
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    References listed on IDEAS

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    1. Ferraro Paul J & Taylor Laura O, 2005. "Do Economists Recognize an Opportunity Cost When They See One? A Dismal Performance from the Dismal Science," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 4(1), pages 1-14, September.
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    1. Howden, David, 2016. "Finance Behind the Veil of Money, A Rejoinder To Dr. Braun," MPRA Paper 79797, University Library of Munich, Germany.

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    More about this item

    Keywords

    opportunity cost;

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • D0 - Microeconomics - - General
    • D00 - Microeconomics - - General - - - General

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