The Methodology of Economics and the Survival Principle Revisited and Revised
Some Welfare and Public Policy Implications of Modeling the Economic Agent
Bibliographic Data
| ID | 9257215 |
|---|---|
| Authors | Morris Altman (0000-0002-6779-6547, University of Dundee, corresponding author) |
| Year | 1999 |
| Volume | 57 |
| Issue | 4 |
| Pages | 427-449 |
| Publication date | 1999-12-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Review of Social Economy (JOURNAL) |
| Journal identifiers | ISSN: 0034-6764 • E-ISSN: 1470-1162 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00346769900000015 |
| OpenAlex | W1998961276 |
| Language | EN |
| Citations received | 10 |
| References cited | 24 |
The focus of this paper is on the survival principle, as articulated by Milton Friedman, that dominates the methodology of the conventional wisdom either explicitly or implicitly. The survival principle is revised applying the behavioral approach to economics, which differs fundamentally with Friedman's methodology. This discussion is contextualized by a comparison of the different approaches to the modeling of economic agents and the substantive implications of this for theory and public policy and thereby for economic welfare and economic justice
Economic growth · Economic Justice · Economic model · Economic welfare · Economics · Focus (optics) · Microeconomics · Neoclassical economics · Positive economics · Public economics · Public policy · Welfare · Economic theories and models · Economic Theory and Institutions · Experimental Behavioral Economics Studies
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Implications of smart decision-making and heuristics for production theory and material welfare
The Nobel Prize in behavioral and experimental economics
A revisionist view of the economic implications of child labor regulations
Policy Consequences of Multiple Equilibria and the Indeterminacy of Economic Outcomes in a Boundedly Rational World
Konfessionelle Wohlfahrtsverbände unter Druck – Fortführung des deutschen Sonderwegs
When green isn't mean
The ethical economy and competitive markets
Mütterliche Erwerbsbeteiligung – eine Überzeugungsfrage
Essays in positive economics
An Enquiry concerning Human Understanding
Managerial Dilemmas
Efficiency Wage Models of the Labor Market
Institutions in Economics
Prospect Theory
The Framing of Decisions and the Psychology of Choice
Theoretical Welfare Economics
Uncertainty, Evolution, and Economic Theory
Myth and Measurement
The Economics of Exogenous Increases in Wage Rates in a Behavioral/X-Efficiency Model of the Firm
Social Evolution and the Role of Knowledge
Accounting for Tastes
| Citations per year | 0.4 |
|---|---|
| Citation span | 2001 - 2021 (21) |
| Highly cited | No |