Identity, Capabilities, and Changing Economics: Reflexive, Adaptive, Socially Embedded Individuals

by John B. Davis

Mainstream economics assumes economic agents act and make decisions to maximize their utility. This model of economic behavior, based on rational choice theory, has come under increasing attack in economics because it does not accurately reflect the way people behave and reason. The shift towards a more realistic account of economic agents has been mostly associated with the rise of behavioral economics, which views individuals through the lens of...

• Format: Hardcover
• Language: English
• ISBN: 1009438239
• ISBN13: 9781009438230
• Release Date: February 2024
• Publisher: Cambridge University Press
• Length: 304 Pages
• Weight: 1.27 lbs.
• Dimensions: 0.7" x 6.0" x 9.0"