Group Self-interest: The Positive Analysis of Cooperative Behaviour

Gideon Rosenbluth

Chapter 4 in Economic Theory, Welfare and the State, 1990, pp 63-86 from Palgrave Macmillan

Abstract: Abstract The axiom of individual self-interest is the source of both the strength and the weakness of economic theory. It leads directly to maximising subject to constraints, that most powerful tool of economic analysis. On the other hand its patent conflict with observed behaviour in many situations means that conventional economic theory does not provide fruitful insights or guides to research on many problems that are reasonably classified as economic.2

Keywords: Utility Function; Cooperative Conduct; Free Rider; Free Rider Problem; Social Conditioning (search for similar items in EconPapers)
Date: 1990
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DOI: 10.1007/978-1-349-10911-1_4

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