A Framework For Cognitive Economics

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More About This Textbook

Overview

This is the first book-length work to integrate the insights of cognitive science fully into economics. It reviews a wide range of related work in both fields and proposes new approaches to choice theory, rationality, and interaction (equilibrium) that are consistent with the limited cognitive capacity of real human beings. While joining with neoclassical economics in supporting the validity of supply-and-demand theory where it is literally applicable, McCain challenges most neoclassical theory, especially monopoly, oligopoly, and general equilibrium theory and welfare economics. His work aims to further and unite recent notions of behavioral and social economics.

This important work will be of interest to behavioral, social, and Keynesian economists, as well as other social scientists and philosophers interested in economic phenomena.

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Product Details

  • ISBN-13: 9780275941420
  • Publisher: ABC-Clio, LLC
  • Publication date: 8/21/1992
  • Edition description: New Edition
  • Pages: 332
  • Lexile: 1370L (what's this?)
  • Product dimensions: 6.14 (w) x 9.21 (h) x 0.75 (d)

Meet the Author

ROGER A. McCAIN is Professor of Economics at Drexel University of Philadelphia. He has contributed to many scholarly publications and is the author of Markets, Decisions, and Organizations (1981).

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Table of Contents

Illustrations
Acknowledgments
1 Why Cognitive Economics? 3
2 Some Learning from Cognitive Science 15
3 Resources for Cognitive Economics 27
4 A Prospect of Cognitive Economics 43
5 Impulse-Filtering: A New Model of Choice 67
6 Groping: A Special Case of Impulse-Filtering 83
7 Impulse-Filtering as a Theory in Social Science 99
8 Impulse-Filtering as a Theory of Will 109
9 Giving Reasons: A Linguistic Conception of Rationality 117
10 The Linguistic Conception as a Theory of Rationality 133
11 The Nexus of Fact and Value 147
12 Applications of the Linguistic Conception of Rationality 167
13 Political Economy: The Critical Study of Rationales for Public Policy 187
14 Emergent Rationality and Technical Progress 195
15 Rational Action Equilibrium 207
16 Rationality and Market Equilibrium 223
17 Applications of Heuristic Game Equilibrium 237
18 Sketch of a Theory of Creativity in Terms of Impulse-Filtering and the Linguistic Concept of Rationality 249
19 The Creative Enterprise 261
20 Final Summary 283
References 291
Selected Name Index 313
Subject Index 315
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