Search results for ""Author Salvatore Rizzello""

The Economics of the Mind addresses economics from the perspective of real men and women: how they assess things, decide and act. It looks at the choices we make, and calls for the assumptions which make up the foundations of economic theory to be consistent with the mechanisms which guide the workings of the human mind.The author begins by presenting an historical analysis of the role of knowledge and decision-making, taking into account the work of Hayek and Simon. Salvatore Rizzello then reconstructs the birth and development of neo-institutionalism, experimental economics and evolutionary economics. He discusses economic and social institutions and how these simplify the individual's choices related to knowledge and tasks. Specifically, he examines rules, learning and evolution in neo-institutional economics. The book breaks new ground on the role of the social sciences, and economics in particular, and suggests a move away from neoclassical economics towards a more definite link between economics, psychology and the artificial sciences.The book will be warmly welcomed by institutional and evolutionary economists, and those working in the field of economic psychology.

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This important collection examines the subject of cognitive economics - an interdisciplinary approach to the study of human problem solving, choice, decision making and change which explains economic transactions and the nature and evolution of organisations and institutions in an environment of structural uncertainty, scarcity and incentives.Cognitive economics is strongly linked with many other disciplines concerning choice, such as cognitive psychology, artificial intelligence, philosophy, and the science of administration. This new approach is contributing to a wide range of economic fields such as consumer theory, economics of the firm, economics of innovation and evolutionary economics.These path-breaking volumes will be an indispensable tool for new research in the field of cognitive economics, and of particular interest to scholars of economics, psychology and philosophy.

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This book presents a new interpretation of the role of human capital and the state in driving economic development. It places these ideas within broader debates within the history of economic thought to highlight how the nature of economic activity is a collective and coordinated process. Through examining how the welfare state reversed traditional accumulation by relying on human capital growth, the importance of the state within the development process is emphasised, alongside the multifaceted nature of competition. Different forms of public expenditure are then evaluated to identify the most productive forms of public spending and the drivers of long term economic development.This book questions the relationship between profits and rent and proposes a new kind of economic development based around human capital. It will be relevant to students and researchers interested in the history of economic thought, the political economy, and labour economics.

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