Description

Book Synopsis
The generalization of microeconomics enables model descriptions of economic rationality, even in fields that standard microeconomics more or less avoids, like nonprofit sectors of market economies, altruism, or externalities. Here, the authors broaden the scope of microeconomics while treating standard profit maximization as a special case. They argue, ultimately, that the generalizing criterion is a Darwinian maximization of the probability of survival.

Generalized Microeconomics

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    A Paperback / softback by Jiri Hlavacek, Michal Hlavacek

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      Book details

      Publisher Karolinum,Nakladatelstvi Univerzity Karlovy,Czech Republic
      Published 19 September 2014
      ISBN-13 9788024620244
      978-8024620244
      ISBN-10 8024620243
      Also in:
      Microeconomics

      Description

      Book Synopsis
      The generalization of microeconomics enables model descriptions of economic rationality, even in fields that standard microeconomics more or less avoids, like nonprofit sectors of market economies, altruism, or externalities. Here, the authors broaden the scope of microeconomics while treating standard profit maximization as a special case. They argue, ultimately, that the generalizing criterion is a Darwinian maximization of the probability of survival.

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