Unknowledge and Choice in Economics

Unknowledge and Choice in Economics

Author: Stephen F. Frowen

Publisher: Springer

Published: 1990-06-18

Total Pages: 246

ISBN-13: 1349080977

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A collection of papers dicussing unknowledge and choice in economics. The topics focus especially on G.L.S.Shackle's theories and his place in subjectivist thought but also include time, choice and dynamics in economics and interest rates and investment decisions.


Choice and Consequence

Choice and Consequence

Author: Thomas C. Schelling

Publisher: Harvard University Press

Published: 1985-10-15

Total Pages: 384

ISBN-13: 0674255976

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Thomas Schelling is a political economist “conspicuous for wandering”—an errant economist. In Choice and Consequence, he ventures into the area where rationality is ambiguous in order to look at the tricks people use to try to quit smoking or lose weight. He explores topics as awesome as nuclear terrorism, as sordid as blackmail, as ineffable as daydreaming, as intimidating as euthanasia. He examines ethical issues wrapped up in economics, unwrapping the economics to disclose ethical issues that are misplaced or misidentified. With an ingenious, often startling approach, Schelling brings new perspectives to problems ranging from drug abuse, abortion, and the value people put on their lives to organized crime, airplane hijacking, and automobile safety. One chapter is a clear and elegant exposition of game theory as a framework for analyzing social problems. Another plays with the hypothesis that our minds are not only our problem-solving equipment but also the organ in which much of our consumption takes place. What binds together the different subjects is the author’s belief in the possibility of simultaneously being humane and analytical, of dealing with both the momentous and the familiar. Choice and Consequence was written for the curious, the puzzled, the worried, and all those who appreciate intellectual adventure.


Theories of Choice

Theories of Choice

Author: Stefan Grundmann

Publisher: Oxford University Press

Published: 2021-01-14

Total Pages: 320

ISBN-13: 0192608266

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Choice is a key concept of our time. It is a foundational mechanism for every legal order in societies that are, politically, constituted as democracies and, economically, built on the market mechanism. Thus, choice can be understood as an atomic structure that grounds core societal processes. In recent years, however, the debate over the right way to theorize choice - for example, as a rational or a behavioral type of decision making - has intensified. This collection provides an in-depth discussion of the promises and perils of specific types of theories of choice. It shows how the selection of a specific theory of choice can make a difference for concrete legal questions, in particular in the regulation of the digital economy or in choosing between market, firm, or network. In its first part, the volume provides an accessible overview of the current debates about rational versus behavioral approaches to theories of choice. The remainder of the book structures the vast landscape of theories of choice along with three main types: individual, collective, and organizational decision making. As theories of choice proliferate and become ever more sophisticated, however, the process of choosing an adequate theory of choice becomes increasingly intricate. This volume addresses this selection problem for the various legal arenas in which individual, organizational, and collective decisions matter. By drawing on economic, technological, political, and legal points of view, the volume shows which theories of choice are at the disposal of the legally relevant decision-maker, and how they can be operationalized for the solution of concrete legal problems. The editors acknowledge the kind support of the Fritz Thyssen Foundation for an exploratory conference on the subject of the book.


Economic Information, Decision, and Prediction

Economic Information, Decision, and Prediction

Author: M. Marschak

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 407

ISBN-13: 9401092761

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The papers of Jacob Marschak which follow in these volumes are an extraordinary combination of original and fruitful departures in economic and social thought, superb clarity of exposition, and sensitivity to the values of earlier work and even competing traditions. They make us marvel alike at their variety, their quantity, and their quality. But they do not, even so, fully reflect Marschak's contributions to the development of social science. He has had an unusual influence as one who exercises leadership. In a formal, organizational sense, this role has been manifest in his capacity as Director of the Cowles Commission for Research in Economics, then at the University of Chicago, in that organization's most productive and influential period, and later in his central role in the Western Management Science Institute, at the University of California at Los Angeles. I can speak from first-hand knowledge about the first. His special capacities are, first, the recognition of promising new concepts and of promising young scholars, and, second, getting his colleagues to join him in developing the ideas and involving them fully in the necessary tasks. There was an unusual combination of strength and humility in his methods; a display of force in pushing the work along but a willingness, almost an insistence, on treating even the most junior associate as a fully equal colleague in intellectual develop ment, whose criticism of himself was to be encouraged. His leadership has been exercised in the absence of formal positions.


The Handbook of Rational and Social Choice

The Handbook of Rational and Social Choice

Author: Paul Anand

Publisher: OUP Oxford

Published: 2009-01-15

Total Pages: 608

ISBN-13: 0191608769

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The Handbook of Rational and Social Choice provides an overview of issues arising in work on the foundations of decision theory and social choice over the past three decades. Drawing on work by economic theorists mainly, but also with contributions from political science, philosophy and psychology, the collection shows how the related areas of decision theory and social choice have developed in their applications and moved well beyond the basic models of expected utility and utilitarian approaches to welfare economics. Containing twenty-three contributions, in many cases by leading figures in their fields, the handbook shows how the normative foundations of economics have changed dramatically as more general and explicit models of utility and group choice have been developed. This is perhaps the first time these developments have been brought together in a manner that seeks to identify and make accessible the recent themes and developments that have been of particular interest to researchers in recent years. The collection will be of particular value to researchers in economics with interests in utility or welfare but it will also be of interest to any social scientist or philosopher interested in theories of rationality or group decision-making.


Rational Choice

Rational Choice

Author: Itzhak Gilboa

Publisher: MIT Press

Published: 2010

Total Pages: 177

ISBN-13: 0262014009

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A nontechnical, concise, and rigorous introduction to the rational choice paradigm, focusing on basic insights applicable in fields ranging from economics to philosophy.


Economics as an Art of Thought

Economics as an Art of Thought

Author: Peter Earl

Publisher: Routledge

Published: 2013-04-15

Total Pages: 451

ISBN-13: 113563355X

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This volume unites scholars from all over the world, and with very different theoretical perspectives. Their chapters probe into typical Shacklean themes of time and money, uncertainty and expectation, and into the roots of G.L.S. Shackle's philosophical and methodological stance.


Economists in Discussion

Economists in Discussion

Author: S. Frowen

Publisher: Springer

Published: 2004-04-27

Total Pages: 402

ISBN-13: 1403938652

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This volume contains the correspondence between G.L.S. Shackle and S.F. Frowen from the time Shackle took up his first post-war academic appointment until his death in 1992. The correspondence, partly personal and partly professional, reveals a vital insight into Shackle both as a man and as an outstanding economist. His letters illuminate his thoughts on issues occupying his mind but also show the warmth and tremendous generosity he felt towards his friends. The centenary of Shackle's birth in 2003 seems an appropriate time for the publication of his letters.