Economic Theorist's Book of Tales : Essays That Entertain the Consequences of New Assumptions in Economic Theory

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ISBN: 9780521269339 | 0521269334
Cover: Paperback
Copyright: 10/26/1984

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These essays explore what happens when a skillful economist makes unconventional assumptions. Economic theory has traditionally relied upon a tacit and 'classical' set of assumptions that have gradually acquired a life of their own in defining how economists write and how they justify economic models. Similarly, these assumptions have acquired an autonomous character: they guide the way economists think about the world.

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Acknowledgments
1. Introduction
2. The market for 'lemons': quality uncertainty and the market mechanism
3. The economics of caste and of the rat race and other woeful tales
4. The economics of 'tagging' as applied to the optimal income tax, welfare programs, and manpower planning
5. A theory of social custom, of which unemployment may be one consequence
6. Jobs as dam sites
7. The economic consequences of cognitive dissonance with William T. Dickens
8. Labor contracts as partial gift exchange
9. Loyalty filters
Index.

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Economic Theorist's Book of Tales : Essays That Entertain the Consequences of New Assumptions in Economic Theory

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