Conflict, disaster, and destruction—despite their historical and current significance—have not yet been adequately studied from the economic point of view.Economic Behaviour in Adversity brings togeth
This new seventh edition of the book offers extensive discussion of information, uncertainty, and game theory. It contains over a hundred examples illustrating the applicability of economic analysis not only to mainline economic topics but also issues in politics, history, biology, the family, and many other areas. These discussions generally describe recent research published in scholarly books and articles, giving students a good idea of the scientific work done by professional economists. In addition, at appropriate places the text provides 'applications' representing more extended discussions of selected topics including rationing in wartime (Chapter 5), import quotas (Chapter 7), alleged monopolistic suppression of inventions (Chapter 9), minimum wage laws (Chapter 11), the effects of Social Security upon saving (Chapter 15), fair division of disrupted property (Chapter 16) and whether individuals should pay ransom to a kidnapper (Chapter 17).
The central tradition of mainline economics deals with one way of making a living; producing goods and services. But there is another way of getting ahead through conflict or the 'dark side', by appropriating what others have produced. Parallel to military aggression and resistance, the dark side includes non-military activities such as litigation, strikes and lockouts, takeover contests, and bureaucratic back-biting struggles. This volume brings the analysis of conflict into the mainstream of economics. Part I explores the causes, conduct, and consequences of conflict as an economic activity. Part II delves deeply into the evolutionary sources of our capacities, physical and mental, for both conflict and cooperation. The introductory chapter of the volume, which outlines the significance of the dark side, was the author's 1993 Presidential Address to the Western Economic Association. Other chapters investigate economic models, historical discussions, experimental tests, and applicatio
The central tradition of mainline economics deals with one way of making a living; producing goods and services. But there is another way of getting ahead through conflict or the 'dark side', by appropriating what others have produced. Parallel to military aggression and resistance, the dark side includes non-military activities such as litigation, strikes and lockouts, takeover contests, and bureaucratic back-biting struggles. This volume brings the analysis of conflict into the mainstream of economics. Part I explores the causes, conduct, and consequences of conflict as an economic activity. Part II delves deeply into the evolutionary sources of our capacities, physical and mental, for both conflict and cooperation. The introductory chapter of the volume, which outlines the significance of the dark side, was the author's 1993 Presidential Address to the Western Economic Association. Other chapters investigate economic models, historical discussions, experimental tests, and applicatio
This book presents intellectual advances in the theory of uncertainty and information, unifying many important but partial results into a satisfying single picture.
This second edition, with a greater focus on game theory, attempts to unify recent developments in economic theories of uncertainty and information for students.
This second edition, with a greater focus on game theory, attempts to unify recent developments in economic theories of uncertainty and information for students.
