A Rational Irrational Man

Alexander Harin

Public Economics from University Library of Munich, Germany

Abstract: A man is a key subject of economics and economic theory. “A man is irrational” - this opinion can be made from Allais paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper solution of these problems and the development of the economic theory. A radically new approach has been proposed. It considers arrangement infringement possibility as a quite different source of such problems. It opens a quite different way to solve them and remove this barrier. It helps economists to open new and rediscover old fields and trends for the research.

Keywords: “non-ideal” economics; risk; market; bank; industry; development (search for similar items in EconPapers)
JEL-codes: C C7 D81 G11 G22 H O (search for similar items in EconPapers)
Date: 2005-11-09
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-fin, nep-hpe, nep-pbe and nep-upt
Note: Type of Document - pdf
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwppe:0511005

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