Behavioral Economics: Past, Present, Future
by Colin F. Camerer, George Loewenstein
Publisher: Caltech 2002
Number of pages: 61
Behavioral economics increases the explanatory power of economics by providing it with more realistic psychological foundations. 'Behavioral Economics: Past, Present, Future' consists of representative recent articles in behavioral economics.
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by Ludwig Von Mises - Von Mises Institute
In this outstanding paper the author explains how cost accounting is the critical institution that ferrets out social waste, ensures that resources are directed to their most highly valued ends, and how entrepreneurs respond to price signals.
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The author searches for the roots of the common anti-capitalist bias. What makes so many people unhappy in the private property order? In such a system, the failures need a scapegoat. People whose ambitions have not been satisfied blame the system.
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