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El. knyga: Economic Biology and Behavioral Economics: The Prophesy of Alfred Marshall [Taylor & Francis e-book]

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"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 proofof 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"--

Economic Biology and Behavioral Economics: The Prophesy of Alfred Marsh all explores the prophesy of Alfred Marshall, the grand synthesizer of neoclassical economics, that the "Mecca of the economist lies in economic biology".

1 Introduction
1(8)
PART I The Biological Fundamentals
9(56)
2 Foundations: Evolutionary Brain Science in the 21st Century
11(18)
3 Our Mammalian Heritage: A Dual Motive Neurobehavioral Model
29(11)
4 The Dynamic Algorithms of Social Behavior
40(7)
5 The Physiology of Social Behavior
47(6)
6 The Organic, Homeostatic Equation of Our Neural Architecture
53(6)
7 Physics vs. Social Science: Some Differences
59(6)
PART II Biological Linkages to the Discipline of Economics
65(70)
8 Family, Gift, and Market
67(9)
9 Adam Smith and the Market
76(5)
10 The Invisible Hand as a Neural Algorithm
81(9)
11 General Equilibrium Theory: From Newtonian Physics to Organic Dynamics
90(7)
12 The Social Brain and the Idealized Version of Price Theory
97(7)
13 Calculus and Neural Algorithms in Price Theory
104(3)
14 Further Application of the Basic Homeostatic Equation to Economics
107(6)
15 Self-interest and the Fallacy of Self-Reference
113(6)
16 Hayek: Wishful Thinking and a Not So Spontaneous Order
119(8)
17 Nash: Modeling Equilibrium with Beautiful Minds, Beautiful Equations
127(8)
PART III The Wider Context
135(37)
18 The Emergence and Promise of Neuroeconomics
137(4)
19 The Larger Context: The Stiff Upper Lip, Original Sin, and Western Science
141(11)
20 Evolutionary Neuroethology and Inclusive Fitness
152(5)
21 Social Exchange and the Structure of Society
157(12)
22 Conclusion
169(3)
References 172(12)
Index 184
Gerald A. Cory, Jr., Former Senior Fellow, Graduate Studies and Research, San Jose State University (Retired)