Titlebook: Economics As a Science of Human Behaviour; Towards a New Social Bruno S. Frey Book 1992 Springer Science+Business Media New York 1992 China

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Politics: Unemployment and National Socialismal Socialists and other totalitarian parties due to the high rate of unemployment in the years 1930 to 1933? Would the historical development have been different if the economic crisis had not worsened after 1930? Three answers to these questions may be found in the literature (see Bracher 1964; Hen

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Family: Patriarchy in China at all, mainly because it is assumed that households do not produce for the market (e.g., Eckstein 1968). If the economic role of the family is taken into account, its behaviour is explained in terms of sociological categories, that is, in terms of “values”, “roles” and “tradition” (see e.g., Parso

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History: Prisoners of Warutality and massacred in large numbers. In his history of the crusades Runciman (1955, p. 274) tells us, for example, that when the Persians conquered Jerusalem in the year 614, 60,000 Christians were murdered regardless of sex or age. The crusaders conquering Jerusalem 500 years later (1099) butche

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The Price System and Moralsthis clear preference for the market over social choices by political, administrative, bargaining or traditional procedures is due to its efficiency properties. In general equilibrium theory, the “invisible hand theorem” establishes that the ideal price system leads to Pareto-optimality. In this eff

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Behavioural Anomalies and Economicstion of many social scientists, among them some economists. A key experience for economists was the presentation of major anomalies by Kahneman and Tversky (1979) in .. A large number of anomalies of individual behaviour are now known.

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An Ipsative Theory of Human Behaviour focuses on such a behavioural anomaly so far neglected, but of great importance to economics: the systematic overestimation of positively valued events, and the systematic underestimation of negatively valued events.