Reframing Economics: Economic Action as Imperfect Cooperation Roger A. McCain

ISBN: 9781782546429

Published: May 14th 2014

Unknown Binding

243 pages


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Reframing Economics: Economic Action as Imperfect Cooperation  by  Roger A. McCain

Reframing Economics: Economic Action as Imperfect Cooperation by Roger A. McCain
May 14th 2014 | Unknown Binding | PDF, EPUB, FB2, DjVu, AUDIO, mp3, RTF | 243 pages | ISBN: 9781782546429 | 3.41 Mb

OCyFor most of the 20th century economists focused on competition as the driving force of the modern capitalist economy. In his thoughtful and readable book, Roger A. McCain offers a different frame of reference for economists. Using game theoryOCOsMoreOCyFor most of the 20th century economists focused on competition as the driving force of the modern capitalist economy.

In his thoughtful and readable book, Roger A. McCain offers a different frame of reference for economists. Using game theoryOCOs distinction between cooperative and non-cooperative games, he defines economics as the study of the development of cooperative agreements in the economy and the failure to bring them about. Orthodox economists who think in terms of a competitive model and heterodox economists who adhere to a class conflict paradigm will both find their ideas challenged by McCainOCOs new frame that sees mature capitalism as the result of class compromise based on an imperfectly cooperative game.OCO- Donald R.

Stabile, St. MaryOCOs College of Maryland, US



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