Titlebook: A Brain-Focused Foundation for Economic Science; A Proposed Reconcili Richard B. McKenzie Book 2018 The Editor(s) (if applicable) and The A

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https://doi.org/10.1007/978-3-319-41691-5 competition,” while lacking egregiously, in descriptiveness, were acceptable devices for analyses, especially if they eased analyses and if the predictions drawn from the models past repeated empirical tests. Neither Robbins nor Friedman made the economy within the human brain a central issue.

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Yongjia Zhou,Qing Xue,Jia Hao,Min-xia Liu the unifying core concern. Gary Becker, George Stigler, and many other economists have since the 1960s argued that economics is a “method of analysis” that can be applied without regard to past disciplinary boundaries.

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Chuanyu Zou,Na Lin,Yunhong Zhangwithin psychology, which he considered a lesser discipline. He also opined against laboratory experimentation, because laboratories were artificial environments, intentionally so, for developing economic generalizations.

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Chuanyu Zou,Na Lin,Yunhong Zhangcal economics, grounded in contemporary times (but not in earlier eras) in perfect rationality. A growing cadre of behavioral economists have gone further, concluding that people are so frequently “irrational” that they are “predictably irrational,” suggesting that neoclassical economists should fold their analytical efforts.

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Book 2018rom economists in Robbins’s time to today—no longer can generate general consent among economists. Since Robbins’ .Essay., economists have learned more than Robbins and his cohorts could have imagined about human decision making and about the human brain that is the lynchpin of human decision making

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Richard B. McKenziePresents an innovative way of considering how best to understand economics: the brain-focused approach to scarcity.Unifies behavioral inductive findings with neoclassical deductive methods.Provides a