اقتصاد رفتاری : مفاهیم تئوری اقتصادی و سیاست
|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|6760||2004||10 صفحه PDF||سفارش دهید||4595 کلمه|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : The Journal of Socio-Economics, Volume 33, Issue 6, December 2004, Pages 715–724
The concerns of behavioral economics are considered in the context of the decentralized, private ownership market economy. Modes of adaptive economizing behavior are outlined and their implications for augmenting the classical paradigm outlined. The role of viability mechanisms that indirectly and adaptively coordinate producers and consumers out of equilibrium is emphasized. The destabilizing nature of the creative intelligence and adaptive economizing transforms the world. The example of internal combustion, its effect on agriculture and transportation and the corollary use of resources provides a timely example.
When I first began writing and speaking about adaptive economizing and economic dynamics almost fifty years ago, I thought I had pretty much discovered the last word on the subject. In the meantime, as I elaborated on various aspects of the overall perspective, I discovered that other scholars had already been or were currently in the process of articulating their own versions of similar ideas. This occasion, however, is, I believe, the first time I have been given the opportunity—as the last speaker—to actually have the last word on the subject. I want to thank Mark Pingle and those who helped him put together this interesting conference for giving me that honor. Behavioral economics consists in (i) identifying general characteristics, rules, or principles of economic behavior based on direct observation and inquiry; (ii) constructing models based on these characteristics; (iii) determining the extent to which behavioral models approximate observed behavior; (iv) the use of models to generate scenarios of future behavior that may be influenced by policy instruments or exogenous influences. In contrast to the position represented by Milton Friedman's ‘as if’ proposition, to the behavioral economist the realism of a model's assumptions or axioms is as relevant as that of its implications. Obviously, however, the very act of identifying general characteristics involves abstraction and decomplexifying the details of everyday experience in all its manifold variety. One does not escape the methodological problems inherent in this process by taking the behavioral point of view. In this talk I want to touch on some of the problems that have arisen in my own attempts to advance the behavioral approach. These involve (i) the abstraction process; (ii) the behavioral content of the classical/neoclassical and contemporary macro concepts of a market economy; (iii) augmenting that content with concepts of adaptive economizing; (iv) exploring implications of the behavioral approach for understanding economic change in the world economy.