Overview
- Provides insights from economics on humans’ attempts to trade, forecast, aggregate, and innovate
- Includes in-depth discussions on economic systems
- Offers non-professional economists an uncommon perspective beyond mainstream economics
Part of the book series: Contributions to Economics (CE)
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (6 chapters)
Keywords
About this book
Trading, forecasting, aggregating, and innovating (the Four) are key social interactions in human life at both the individual and aggregate levels. They are part of the human fabric because they stem from mankind’s peculiarities—heterogeneity, inclination to forecast, sociality, and inventiveness. But humans have multifaceted behavior, too. They are capable of having contradictory impulses towards one another, integrating and disintegrating as well as cooperating and dominating, and behaving prosocially and anti-socially. Hence, humans need to organize themselves in order to maintain, improve, and extend their social interactions as well as a safe and ordered life. Crucial intersections emerge naturally—the efficiency of humans’ way of tackling the Four is a joint product of economic systems, institutions, and behaviors.
All told, the main idea of this book is to include in a single tour a collection of insights on why and how humans implement the Four. The narrative highlights several connections as well as how key these businesses are as the traveler is escorted through some Four-related behavioral problems and institutional solutions that humans have been, respectively, facing and elaborating over time. Economics students may exploit this book by both inserting what they are learning from textbooks into a wider framework and enjoying some of the hints revealed by the grand social theorizing of giants such as A. Smith and J. Schumpeter. But the proposed tour may also attract outsiders to economics who are curious about disparate economic themes linked to the Four but who wish to gain an overview without engaging in longer readings.
Authors and Affiliations
About the author
Bibliographic Information
Book Title: Why and How Humans Trade, Predict, Aggregate, and Innovate
Book Subtitle: An Economist’s Lessons on the Role of Human Behavior and Economic Systems
Authors: Maurizio Bovi
Series Title: Contributions to Economics
DOI: https://doi.org/10.1007/978-3-030-93885-7
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2022
Hardcover ISBN: 978-3-030-93884-0Published: 29 March 2022
Softcover ISBN: 978-3-030-93887-1Published: 30 March 2023
eBook ISBN: 978-3-030-93885-7Published: 28 March 2022
Series ISSN: 1431-1933
Series E-ISSN: 2197-7178
Edition Number: 1
Number of Pages: VIII, 191
Number of Illustrations: 8 illustrations in colour
Topics: Behavioral/Experimental Economics, Political Economy/Economic Systems, Institutional/Evolutionary Economics, Heterodox Economics