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Klappentext These essays explore what happens when a skillful economist makes unconventional assumptions. Economic theory has traditionally relied upon a tacit and 'classical' set of assumptions that have gradually acquired a life of their own in defining how economists write and how they justify economic models. Similarly, these assumptions have acquired an autonomous character: they guide the way economists think about the world. Zusammenfassung Economic theory has traditionally relied upon a tacit and 'classical' set of assumptions that have gradually acquired a life of their own in defining how economists write and how they justify economic models. These essays explore what happens when a skilful economist makes unconventional assumptions. Inhaltsverzeichnis Acknowledgments; 1. Introduction; 2. The market for 'lemons': quality uncertainty and the market mechanism; 3. The economics of caste and of the rat race and other woeful tales; 4. The economics of 'tagging' as applied to the optimal income tax, welfare programs, and manpower planning; 5. A theory of social custom, of which unemployment may be one consequence; 6. Jobs as dam sites; 7. The economic consequences of cognitive dissonance with William T. Dickens; 8. Labor contracts as partial gift exchange; 9. Loyalty filters; Index.
