The Lessons of History

David Simpson

Chapter 10 in Rethinking Economic Behaviour, 2000, pp 117-124 from Palgrave Macmillan

Abstract: Abstract ‘The rationality assumption of neoclassical economics assumes that the players know what is in their self-interest and act accordingly. Ten millennia of human economic history say that this is a wildly erroneous assumption.’

Keywords: Economic Growth; Foreign Direct Investment; Formal Rule; Advanced Economy; Neoclassical Economic (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-51355-6_10

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DOI: 10.1057/9780230513556_10

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