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230201 ||| eng |
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|a 9781802204896
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| 050 |
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|a HB74.P8
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| 100 |
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|a Schettkat, Ronald
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| 245 |
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|a The behavioral economics of John Maynard Keynes
|h Elektronische Ressource
|b microfoundations for the world we live in
|c Ronald Schettkat (professor of economics (em.), Schumpeter School of Economics, University of Wuppertal, Germany)
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| 260 |
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|a Northampton
|b Edward Elgar Publishing
|c 2022, 2022
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| 300 |
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|a 184 pages
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| 505 |
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|a Includes bibliographical references and index
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| 505 |
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|a Contents: 1. Introduction to the behavioural economics of john maynard keynes -- 2. Fundamentals of economics -- 3. Rational choice: A normative concept -- 4. Choice under uncertainty: Animal spirits -- 5. Expectations over time -- 6. Socially embedded individuals -- 7. The resurrection and fall of homo oeconomicus -- 8. Conclusion: The economy we live in -- References -- Index
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| 653 |
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|a Economics / Psychological aspects
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| 653 |
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|a Keynesian economics
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b ZDB-1-EEM
|a Edward Elgar eBooks Collection Business & Economics
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| 856 |
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|u https://www.elgaronline.com/view/book/9781802204896/9781802204896.xml
|x Verlag
|3 Volltext
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|a 330
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|a "Keynes' macroeconomic revolution is based on his microfoundations of economic behaviour derived from 'casual' observations but impressively substantiated by rigorous research in behavioural economics and neurology. Ronald Schettkat argues that the allegation of the missing microfoundations in Keynes' theory is false. Instead, both Keynes' theory and behavioural economics relate to humans in 'the economy we live in', differing substantially in their fundamentals from the neoclassical model. Showing that Keynes' micro has much in common with behavioural economics, the book starts with the fundamentals ranging from the methodological approach to economics as a real versus an axiomatic science and the consequences for knowledge building methods (interviews, observations, experiments), the rationality and equilibrium concepts to the functioning of markets, before delving into the topics in greater detail. Providing a thorough theoretical grounding in economics, this book will be a discerning read for economists, students of economics, political science, sociology and psychology as well as for the general public"--
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