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Beyond Economic Man
- A New Foundation for Microeconomics
Engelsk Paperback
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Beyond Economic Man
- A New Foundation for Microeconomics
Engelsk Paperback

422 kr
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Om denne bog
Harvey Leibenstein has written a major new book in microeconomic theory. It is a sophisticated reorientation of microtheory that breaks away from the conventional, highly refined neoclassical theory, which in turn is in the direct line of descent from Adam Smith's The Wealth of Nations (1776). The author accomplishes this feat by introducing modern psychological concepts to microtheory, by using individuals instead of collections of individuals as his basic units of study, and by suggesting that relating the theory to the concept of effort (an X-efficiency factor) will provide the most significant results. His innovative central variable, effort, is an X factor, he reminds us, because of its relatively unknown character in affecting output. Basically this leads to a new mode of thinking about economic problems in which the optimizing assumption of standard theory becomes a special extreme case. The X-efficiency factors—motivation, effort, and so on—allow for a restatement of microtheory. and for new applications and new conclusions: (1) businesses do not minimize costs or maximize profits; (2) actual productivity is very far from optimal even under conditions that approximate competition; (3) current modes of regulating monopolistic industries are apt to be inefficient at the expense of the consumer. Lebenstein’s new theory also has practical applications for the problems faced by management of businesses in the private or public sector, and in the fiscal affairs of the nation. When the theory is applied to inflation — one salient and timely example — it leads to results implying that inflation may be a cause of unemployment rather than an influence that reduces unemployment.
Product detaljer
Sprog:
Engelsk
Sider:
288
ISBN-13:
9780674068926
Indbinding:
Paperback
Udgave:
ISBN-10:
0674068920
Kategori:
Udg. Dato:
1 dec 1976
Længde:
0mm
Bredde:
0mm
Højde:
0mm
Forlag:
Harvard University Press
Oplagsdato:
1 dec 1976
Forfatter(e):
Kategori sammenhænge