The community of advantage : a behavioural economist's defence of the market /
Material type: TextPublisher: Oxford : Oxford University Press, 2018Edition: First editionDescription: 1 online resource : illustrations (black and white)Content type:- text
- still image
- computer
- online resource
- 9780191863813 (ebook) :
- 330.1 23
- HB72
This edition previously issued in print: 2018.
Includes bibliographical references and index.
Normative analysis in economics usually aims at satisfying individuals' preferences, valuing economic freedom and viewing markets favourably. Behavioural research, however, shows that individuals' preferences are often unstable. Robert Sugden proposes a reformulation of normative economics compatible with psychology of choice.
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