Overview

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.   In this book, Edward R. Morey contrasts neoclassical choice theory with behavioral models and findings in psychology, neuroscience, evolutionary biology, and animal behavior. The book addresses the fundamental idea within economics that behaviors are chosen, and it explains why other disciplines disagree. The chapters touch on modeling behavior, judging behavior, and policies.   Morey breaks down judgment using the ethics of welfare economics, and it compares and contrasts this recognized approach with others, including Mill’s liberalism, virtue ethics, duty-based ethics, Buddhist ethics, and utilitarianism.

Full Product Details

Author:   Edward R. Morey
Publisher:   Springer International Publishing AG
Imprint:   Palgrave Macmillan
Edition:   1st ed. 2023
Weight:   0.755kg
ISBN:  

9783031367113

ISBN 10:   3031367111
Pages:   456
Publication Date:   04 November 2023
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Manufactured on demand  
We will order this item for you from a manufactured on demand supplier.

Table of Contents

PrefaceIntroduction Part I: An ordering of paths, well-being, and economics: how to make you, a chimp, or even a cactus, better off? Chapter 1: Economicus: assumptions of a neoclassical theory of behavior, and their implications— my take Chapter 2: Welfare (well-faring) economics as a theory of what is right and wrong—my take Chapter 3: Could economicus be the product of evolution rather than the creation of God? Chapter 4: Wanting versus liking, and happiness: an electrical/chemical stew Chapter 5: Does consuming more increase WB? Is getting rich the path to happiness? Chapter 6: Common quirks, incorrect beliefs, and flawed choosing Chapter 7: The endowment effect Chapter 8: Returning to whether all the different kinds of WB are commensurable and whether all the different bearers-of-WB are comparable Part II: What is a choice? Choice or the illusion of choice? Chapter 9: How would you define a choice? And the difference between a choice and the experience/sense of making a choice Chapter 10: The evidence on conscious choice Part III: Most moral philosophers are not welfare consequentialists, so what are they? Chapter 11: A primer on welfare economics vs. other ethics Chapter 12: A bit more on welfare economics, external effects, and interpersonal comparisons of WB Epilogue: Do you make choices, and if so, has your choosing made you happy?

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Author Information

Edward R. Morey is a Professor Emeritus at the University of Colorado, Boulder, USA. His research has centered on modeling and estimating individual behavior.  

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