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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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    Publisher: Karolinum,Nakladatelstvi Univerzity Karlovy,Czech Republic
    Publication Date: 19/09/2014
    ISBN13: 9788024620244, 978-8024620244
    ISBN10: 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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