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About this product
- DescriptionThis book presents institutional evolution and individual choice as codependent results of behavioral patterns. Drawing on F.A. Hayek's concepts of cognition and cultural evolution, Teraji demonstrates how the relationship between the sensory and social orders can allow ecomists to track social rms and their effects on the global ecomy. He redirects attention from the conventional focus on what an individual chooses to the changing social order that determines how an individual chooses. Cultural shifts provide the environmental feedback that challenges the mental models governing individual choice, creating a cycle of coevolution. Teraji develops a general framework from which to examine this symbiotic relationship in order to identify predictive patterns. Not just for behavioral ecomists, this book will also appeal to those who specialize in institutional ecomics, the philosophy of ecomics, and ecomic sociology.
- Author BiographyShinji Teraji is Professor of Economics at Yamaguchi University, Japan. His research is mainly concerned with behavioral economics, institutional economics, and economic methodology.
- Author(s)Shinji Teraji
- PublisherPalgrave Macmillan
- Date of Publication22/02/2016
- SubjectEconomics: Textbooks & Study Guides
- Series TitlePalgrave Advances in Behavioral Economics
- Place of PublicationBasingstoke
- Country of PublicationUnited Kingdom
- ImprintPalgrave Macmillan
- Content Note7 black & white illustrations, biography
- Weight611 g
- Width148 mm
- Height210 mm
- Spine25 mm
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