Neoclassical economics assumes that people are highly rational and can reason their way through complex economic problems. Author Peyton Young argues more realistically that people have limited understanding of their environment, are often shortsighted, and occasionally act in perverse ways. He shows how the cumulative experiences of many such individuals coalesce over time into the norms that govern economic and social life.
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Neoclassical economics assumes that people are highly rational and can reason their way through complex economic problems. Author Peyton Young argues more realistically that people have limited understanding of their environment, are often shortsighted, and occasionally act in perverse ways. He shows how the cumulative experiences of many such individuals coalesce over time into the norms that govern economic and social life.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.