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An economic theorist's book of tales : essays that entertain the consequences of new assumptions in economic theory

Author: George A Akerlof
Publisher: Cambridge : Cambridge University Press, 1984.
Edition/Format:   Print book : EnglishView all editions and formats
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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  Read more...

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Document Type: Book
All Authors / Contributors: George A Akerlof
ISBN: 0521269334 9780521269339 0521263239 9780521263238
OCLC Number: 639111939
Description: VIII, 196 p. ; 22 cm
Contents: 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.
Responsibility: George A. Akerlof.

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'These essays show how much good can come from combining skillful economic analysis with a willingness to take seriously the elementary facts of social life. Many of us pay lip service to that ideal; Read more...

 
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