||2 of 2 people found the following review helpful.| Must-read for economists|By ghtx|All economists should read this book, to better understand what they are actually talking about when they talk about things like "revealed preference" and "welfare economics." I would guess that even some non-economists would enjoy it as well. I hope it makes a difference in how economists think.||"Daniel Hausman has given us a careful, thoughtful disposition on the nature of preferences, which lie at the heart of economics. We thereby learn the basis for what economists are practicing when they are preaching." - George Akerlof, Nobel Laureate in Econ
This book is about preferences, principally as they figure in economics. It also explores their uses in everyday language and action, how they are understood in psychology and how they figure in philosophical reflection on action and morality. The book clarifies and for the most part defends the way in which economists invoke preferences to explain, predict and assess behavior and outcomes. Hausman argues, however, that the predictions and explanations economists offer ...
[PDF.il44] Preferences, Value, Choice, and Welfare Rating: 3.73 (467 Votes)
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You easily download any file type for your device.Preferences, Value, Choice, and Welfare | Daniel M. Hausman. A good, fresh read, highly recommended.
