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200 12$aA Brain-Focused Foundation for Economic Science $eA Proposed Reconciliation between Neoclassical and Behavioral Economics /$fby Richard B. McKenzie
205   $a1st ed. 2018.
210  1$aCham :$cSpringer International Publishing :$cImprint: Palgrave Macmillan,$d2018.
215   $a1 online resource (XV, 219 p.) 
311 08$a9783319768090 
311 08$a3319768093 
327   $a1. Economists' Core Concerns in the History of Economic Thought -- 2. Lionel Robbins and Scarcity -- 3. From Robbins to Friedman and Beyond -- 4. Behavioral Economics, Evolution, and the Human Brain -- 5. The Human Brain: The Ultimate Scarce, Efficient, and Rational Resource -- 6. A Brain-Focused Neoclassical Microeconomics. .
330   $aThis book argues that Lionel Robbins's construction of the economics field's organizing cornerstone, scarcity-and all that has been derived from it from economists in Robbins's time to today-no longer can generate general consent among economists. Since Robbins' Essay, economists have learned more than Robbins and his cohorts could have imagined about human decision making and about the human brain that is the lynchpin of human decision making. This book argues however that behavioral economists and neuroeconomists, in pointing to numerous ways people fall short of perfectly rational decisions (anomalies, biases, and downright errors), have saved conventional economics from such self-contradictions in what could be viewed as a wayward approach. This book posits that the human brain is the ultimate scarce resource, and that a focus on the brain can bring a new foundation for economics and can save the discipline from hostile criticisms from a variety of non-economists (many psychologists).
606   $aSchools of economics
606   $aEconomics$xHistory
606   $aExperimental economics
606   $aEconometrics
606   $aHeterodox Economics
606   $aHistory of Economic Thought and Methodology
606   $aExperimental Economics
606   $aQuantitative Economics
615  0$aSchools of economics.
615  0$aEconomics$xHistory.
615  0$aExperimental economics.
615  0$aEconometrics.
615 14$aHeterodox Economics.
615 24$aHistory of Economic Thought and Methodology.
615 24$aExperimental Economics.
615 24$aQuantitative Economics.
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700   $aMcKenzie$b Richard B.$4aut$4http://id.loc.gov/vocabulary/relators/aut$00
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