Economic Biology and Behavioral Economics 1st Edition by Gerald A. Cory Jr 9781000683127 1000683125

Economic Biology and Behavioral Economics 1st Edition Gerald A. Cory Jr. – Ebook Instant Download/Delivery ISBN(s): 9781032300467, 1032300469, 9781000683127, 1000683125

Product details:

• ISBN 10: 1000683125
• ISBN 13: 9781000683127
• Author: Gerald A. Cory Jr. 

Economic Biology and Behavioral Economics: The Prophesy of Alfred Marshall explores the prophesy of Alfred Marshall, the grand synthesizer of neoclassical economics, that the “Mecca of the economist lies in economic biology”. The book presents the proof of that prophesy through examination and establishment of the fundamental biological science necessary and then applying that science to the examination of current economic theory. In doing so, the book focuses primarily on the fundamentals of neoclassical economic theory— which is the reigning theory and the general framework of which is taught as “science” in first courses in college economics. These courses are at best an idealization, if not an ideology, of the discipline—presented to fresh minds misleadingly as confirmed science. The book examines the bases and the history of these idealizations, points to the sources of their error from the biological perspective and suggests a path forward for the discipline. Through this process, the book demonstrates the power of the biological perspective anticipated by Marshall. This book provides invaluable reading for anyone interested in the future of economics and economic theory, and particularly those interested in behavioral economics and neuroeconomics.

Table contents:

1 Introduction

2 Foundations: Evolutionary Brain Science in the 21st Century

3 Our Mammalian Heritage: A Dual Motive Neurobehavioral Model

4 The Dynamic Algorithms of Social Behavior

5 The Physiology of Social Behavior

6 The Organic, Homeostatic Equation of Our Neural Architecture

7 Physics vs. Social Science: Some Differences

8 Family, Gift, and Market

9 Adam Smith and the Market

10 The Invisible Hand as a Neural Algorithm

11 General Equilibrium Theory: From Newtonian Physics to Organic Dynamics

12 The Social Brain and the Idealized Version of Price Theory

13 Calculus and Neural Algorithms in Price Theory

14 Further Application of the Basic Homeostatic Equation to Economics

15 Self-Interest and the Fallacy of Self-Reference

16 Hayek: Wishful Thinking and a Not So Spontaneous Order

17 Nash: Modeling Equilibrium with Beautiful Minds, Beautiful Equations

18 The Emergence and Promise of Neuroeconomics

19 The Larger Context: The Stiff Upper Lip, Original Sin, and Western Science

20 Evolutionary Neuroethology and Inclusive Fitness

21 Social Exchange and the Structure of Society

22 Conclusion

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