The complementary tools in informational economics

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Chapter 10 in The Entrepreneurial Solution to Poverty and the Science of What is Possible, 2022, pp 161-181 from Edward Elgar Publishing

Abstract: Informational economics offers a set of tools that can offset the risk of loss from being without resources. The poor are probably uneducated, not stupid. Once they understand how they can use these tools to increase their odds of success, human nature suggests that many people will embrace them to advance their own self interests. In fact, discovering unknown opportunities through the constrained, systematic search of one's consideration set can be highly motivating, once they understand that they are creating property rights for themselves, perhaps for the first time. Although their constrained, systematic search is central to this informational approach, there are a cluster of complimentary tools to augment its effectiveness.

Keywords: Business and Management; Development Studies; Economics and Finance; Politics and Public Policy Sustainable Development Goals (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (2)

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