Introduction

Guinevere Liberty Nell

A chapter in Austrian Economic Perspectives on Individualism and Society, 2014, pp 1-4 from Palgrave Macmillan

Abstract: Abstract Economists are frequently criticized for seeing the world through the narrow lens of the economic, seeing individuals as purely self-interested and profit seeking, and failing to see the importance of community. Even economists recognize these failings, and new branches of economics like behaviorism have been introduced in part to address them. However, neoclassical economics, including Austrian economics, still relies upon incentives based in self-interest, and the rooting of all behavior in individual action and preferences, in order to model and predict outcomes.

Keywords: Complex Adaptive System; Neoclassical Economic; Spontaneous Order; Methodological Individualism; Intentional Stance (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36884-3_1

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DOI: 10.1057/9781137368843_1

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