Mainstream economic theory, or ‘neoclassical theory’, can be seen as formulated to advance individual interest. It is mainstream because it has assembled sufficient support to give it ascendancy in academia. It reconciles private and public interest in a mathematical account of resource allocation. Money-bargaining, in contrast, explains the process of economic exchange. Transactions are based on information, so that the character of information itself influences the conduct of exchange.
This volume provides a radically new explanation of the functioning ofhuman societies that will be recognised as entirely consistent with common observation and experience.
Mainstream economic theory, or ‘neoclassical theory’, can be seen as formulated to advance individual interest. It is mainstream because it has assembled sufficient support to give it ascendancy in academia. It reconciles private and public interest in a mathematical account of resource allocation. Money-bargaining, in contrast, explains the process of economic exchange. Transactions are based on information, so that the character of information itself influences the conduct of exchange.
This volume provides a radically new explanation of the functioning ofhuman societies that will be recognised as entirely consistent with common observation and experience.
A Starter on Support-Bargaining and Money-Bargaining in Twenty-Eight Digestible Bites
168
A Starter on Support-Bargaining and Money-Bargaining in Twenty-Eight Digestible Bites
168Hardcover(1st ed. 2018)
Product Details
| ISBN-13: | 9783030052300 |
|---|---|
| Publisher: | Springer International Publishing |
| Publication date: | 12/30/2018 |
| Edition description: | 1st ed. 2018 |
| Pages: | 168 |
| Product dimensions: | 5.83(w) x 8.27(h) x (d) |