Deconstructing Behavior, Choice, and Well-being: Neoclassical Choice Theory and Welfare Economics


Book


Edward R. Morey
Springer (Palgrave Macmillian, https://link.springer.com/book/10.1007/978-3-031-36712-0, 2023


Semantic Scholar DOI
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APA   Click to copy
Morey, E. R. (2023). Deconstructing Behavior, Choice, and Well-being: Neoclassical Choice Theory and Welfare Economics. https://link.springer.com/book/10.1007/978-3-031-36712-0: Springer (Palgrave Macmillian. https://doi.org/10.1007/978-3-031-36712-0


Chicago/Turabian   Click to copy
Morey, Edward R. Deconstructing Behavior, Choice, and Well-Being: Neoclassical Choice Theory and Welfare Economics. https://link.springer.com/book/10.1007/978-3-031-36712-0: Springer (Palgrave Macmillian, 2023.


MLA   Click to copy
Morey, Edward R. Deconstructing Behavior, Choice, and Well-Being: Neoclassical Choice Theory and Welfare Economics. Springer (Palgrave Macmillian, 2023, doi:10.1007/978-3-031-36712-0.


BibTeX   Click to copy

@book{edward2023a,
  title = {Deconstructing Behavior, Choice, and Well-being: Neoclassical Choice Theory and Welfare Economics},
  year = {2023},
  address = {https://link.springer.com/book/10.1007/978-3-031-36712-0},
  publisher = {Springer (Palgrave Macmillian},
  doi = {10.1007/978-3-031-36712-0},
  author = {Morey, Edward R.}
}

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Neoclassical economists assume that people act to maximize their well-being: they choose based on their desires and only desire what they will like. Neuroscientists and psychologists disagree. Their research demonstrates that cues and evolutionary quirks cause people to act against their best interests, even choosing alternatives they will not like. I deconstruct neoclassical choice theory and contrast it with behavioral models and findings in psychology, neuroscience, evolutionary biology, and animal behavior. Economists assume behaviors are chosen; I explain why other disciplines disagree, asking what is a choice. Welfare economics, the default ethic for most economists, is compared and contrasted with Mill’s liberalism, virtue ethics, duty-based ethics, Buddhist ethics, and utilitarianism.  




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