Cover image for The individual in the economy : a textbook of economic psychology
Title:
The individual in the economy : a textbook of economic psychology
Personal Author:
Publication Information:
Cambridge, Eng : Cambridge University, 1987
ISBN:
9780521317016

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30000000052906 HB74.P8 L42 1987 Open Access Book Book
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Summary

Summary

This book, originally published in 1987, argues that economics and psychology both claim to study human behaviour, but historically they have had very little to do with each other. Previous efforts at integration tended to take the form of bringing in psychology to reform economics or vice versa. The authors believe this approach is unfruitful. Instead, they take the view that many kinds of behaviour have both economic and psychological aspects and can be studied by both economic and psychological methods. Economic psychology is the body of knowledge that results from such interdisciplinary investigation. Throughout the authors employ both psychological and economic theories, emphasising how each matches up to the observed facts rather than pitting one against the other. Drawing on the strengths of economics and psychology, The Individual in the Economy presents interesting analyses of important human behaviours, which will surprise and inform psychologists, economists, their students and motivated general readers.


Reviews 1

Choice Review

Though not totally satisfying, this volume reflects and contributes to the growing interest in economic psychology or behavioral economics, the intersection between economists and psychologists. The authors provide a commendable, lengthy survey, complete with extensive but dated references, beginning with a separate overview of each field for the novice. The two middle sections, on the economic behavior of individuals (in activities such as work, consumption, and saving) and the impact of the aggregate economy and its structure on individual behavior, respectively, contain the most important material. As a survey volume, this will likely be more useful than individual journal articles or compilations such as those contained in Advances in Behavioral Economics, v.1, ed. by Leonard Green and John H. Kagel (CH, Oct '87). The fact that all three of the authors are psychologists (two of them are from England), and the cursory coverage in most instances, constrains the reader's understanding of many topics and results in unfortunate omissions in the literature. Academic and public library collections.-A.R. Sanderson, University of Chicago


Table of Contents

Preface
Acknowledgements
Part I The Essential Background
1 Introduction to psychology
2 Introduction to microeconomics
3 Introduction to macroeconomics
4 Methods for economic psychology
5 Is human behaviour rational?
Part II The Economic Behaviour of Individuals
6 Work
7 Buying
8 Saving
9 Giving
10 Gambling
Part III How the Economy Affects Individual Behaviour
11 Taxation
12 Money
13 Advertising
14 Growing up in the economy
15 Primitive economies
16 Economic growth and development
17 Token economies
Part IV Implications
18 The means and ends of economics behaviour
19 Economies, policy and psychology
20 The causation of economic behaviour
References
Index