The Beginnings of Behavioral Economics
The Beginnings of Behavioral Economics

Author: Roger Frantz

Publisher: Academic Press

Published: 2019-10-05

Total Pages: 254

ISBN-13: 0128157054

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The Beginnings of Behavioral Economics: Katona, Simon, and Leibenstein's X-Efficiency Theory explores the mid-20th century roots of behavioral economics, placing the origin of this now-dominant approach to economic theory many years before the groundbreaking 1979 work on prospect theory by Daniel Kahneman and Amos Tversky. It discusses the work of Harvey Leibenstein, Herbert Simon, George Katona, and Frederick Hayek, reintroducing their contributions as founding pillars of the behavioral approach. It concentrates on the work of Leibenstein, reviewing his nuanced introduction of X-efficiency theory. Building from these foundations, the work explores the body of empirical research on market power and firm behavior – XE relationship. This book is a tremendous resource for graduate students and early career researchers in behavioral economics, experimental economics, organizational economics, social and organizational psychology, labor market economics and public policy. - Reviews the powerful, but neglected contributions of mid-20th century scholars, like Leibenstein and Katona in building the roots of behavioral economic theory - Amalgamates and reviews 50 years of empirical research and over 200 empirical papers on X-efficiency theory - Establishes how X-efficiency can aid modern behavioral economics in further developing firm theory and understanding efficiency wages

Studies in Economic Rationality
Studies in Economic Rationality

Author: Klaus Weiermair

Publisher: University of Michigan Press

Published: 1990

Total Pages: 418

ISBN-13: 9780472101542

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Explores the X-efficiency paradigm in relation to the theory of the firm

Renaissance in Behavioral Economics
Renaissance in Behavioral Economics

Author: Roger Frantz

Publisher: Routledge

Published: 2007-06-14

Total Pages: 249

ISBN-13: 1135994161

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Economists working on behavioral economics have been awarded the Nobel Prize four times in recent years. This book explores this innovative area and in particular focuses on the work of Harvey Leibenstein, one of the pioneers of the discipline. The topics covered in the book include agency theory; dynamic efficiency; evolutionary economics; X-efficiency; the effect of emotions, specifically affect on decision-making; market pricing; experimental economics; human resource management; the Carnegie School, and intra-industry efficiency in less developed countries.

Economic Thought Since Keynes
Economic Thought Since Keynes

Author: Michel Beaud

Publisher: Routledge

Published: 2005-09-27

Total Pages: 510

ISBN-13: 1134711522

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Economic Thought Since Keynes provides a concise overview of changing economic thought in the latter part of the twentieth century. Offering a concise biography of 150 influential economists since Keynes, it is an invaluable reference tool.

Understanding Local Economic Development
Understanding Local Economic Development

Author: Emil Malizia

Publisher: Routledge

Published: 2020-10-05

Total Pages: 313

ISBN-13: 1000193934

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This book offers insights into the process and the practice of local economic development. Bridging the gap between theory and practice it demonstrates the relevance of theory to inform local strategic planning in the context of widespread disparities in regional economic performance. The book summarizes the core theories of economic development, applies each of these to professional practice, and provides detailed commentary on them. This updated second edition includes more recent contributions - regional innovation, agglomeration and dynamic theories – and presents the major ideas that inform economic development strategic planning, particularly in the United States and Canada. The text offers theoretical insights that help explain why some regions thrive while others languish and why metropolitan economies often rise and fall over time. Without theory, economic developers can only do what is politically feasible. This text, however, provides them with a logical tool for thinking about development and establishing an independent basis from which to build the local consensus needed for evidence-based action undertaken in the public interest. Offering valuable perspectives on both the process and the practice of local and regional economic development, this book will be useful for both current and future economic developers to think more profoundly and confidently about their local economy.

Reader's Guide to the Social Sciences
Reader's Guide to the Social Sciences

Author: Jonathan Michie

Publisher: Routledge

Published: 2014-02-03

Total Pages: 2166

ISBN-13: 1135932263

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This 2-volume work includes approximately 1,200 entries in A-Z order, critically reviewing the literature on specific topics from abortion to world systems theory. In addition, nine major entries cover each of the major disciplines (political economy; management and business; human geography; politics; sociology; law; psychology; organizational behavior) and the history and development of the social sciences in a broader sense.

Entrepreneurship and Economic Development in Hong Kong
Entrepreneurship and Economic Development in Hong Kong

Author: Tony Fu-Lai Yu

Publisher: Routledge

Published: 1997-07-31

Total Pages: 257

ISBN-13: 1134716494

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This is the first systematic economic study of the nature, operation and contribution of entrepreneurship to the growth of Hong Kong. The author argues that the success of Hong Kong is due to adaptive entrepreneurship.