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Why and How Humans Trade, Predict, Aggregate, and Innovate: An Economist’s Lessons on the Role of Human Behavior and Economic Systems: Contributions to Economics

Autor Maurizio Bovi
en Limba Engleză Paperback – 30 mar 2023
Trading, forecasting, aggregating, and innovating (the Four) are key social interactions in human life at both the individual and aggregate levels. They are part of the human fabric because they stem from mankind’s peculiarities—heterogeneity, inclination to forecast, sociality, and inventiveness. But humans have multifaceted behavior, too. They are capable of having contradictory impulses towards one another, integrating and disintegrating as well as cooperating and dominating, and behaving prosocially and anti-socially. Hence, humans need to organize themselves in order to maintain, improve, and extend their social interactions as well as a safe and ordered life. Crucial intersections emerge naturally—the efficiency of humans’ way of tackling the Four is a joint product of economic systems, institutions, and behaviors. 
All told, the main idea of this book is to include in a single tour a collection of insights on why and how humans implement the Four. The narrative highlights several connections as well as how key these businesses are as the traveler is escorted through some Four-related behavioral problems and institutional solutions that humans have been, respectively, facing and elaborating over time. Economics students may exploit this book by both inserting what they are learning from textbooks into a wider framework and enjoying some of the hints revealed by the grand social theorizing of giants such as A. Smith and J. Schumpeter. But the proposed tour may also attract outsiders to economics who are curious about disparate economic themes linked to the Four but who wish to gain an overview without engaging in longer readings.

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Specificații

ISBN-13: 9783030938871
ISBN-10: 3030938875
Pagini: 191
Ilustrații: VIII, 191 p. 8 illus. in color.
Dimensiuni: 155 x 235 x 16 mm
Greutate: 0.29 kg
Ediția:1st ed. 2022
Editura: Springer International Publishing
Colecția Springer
Seria Contributions to Economics

Locul publicării:Cham, Switzerland

Cuprins

Chapter 1. Prologue.- Chapter 2. Trading: Humans Are Heterogeneous Animals.- Chapter 3. Forecasting: Humans Are Prone-To-Predicting Animals.- Chapter 4. Aggregating: Humans Are Social Animals.- Chapter 5. Innovating: Humans Are Ingenious Animals.- Chapter 6. Epilogue.

Notă biografică

Maurizio Bovi is currently serving as Research Manager at the Italian National Institute of Statistics (ISTAT), and also an adjunct professor of Economics at "Sapienza" University of Rome (Italy). Dr. Bovi has published several articles on international journals and chapters in books. A former economic advisor for Economy and Finance of the Italian Government, Dr. Bovi won the “I. Kerstenetzky Award” for the best paper presented at the 2008 CIRET (Centre for International Research on Economic Tendency Surveys) Conference, Santiago, Chile.

Textul de pe ultima copertă

Trading, forecasting, aggregating, and innovating (the Four) are key social interactions in human life at both the individual and aggregate levels. They are part of the human fabric because they stem from mankind’s peculiarities—heterogeneity, inclination to forecast, sociality, and inventiveness. But humans have multifaceted behavior, too. They are capable of having contradictory impulses towards one another, integrating and disintegrating as well as cooperating and dominating, and behaving prosocially and anti-socially. Hence, humans need to organize themselves in order to maintain, improve, and extend their social interactions as well as a safe and ordered life. Crucial intersections emerge naturally—the efficiency of humans’ way of tackling the Four is a joint product of economic systems, institutions, and behaviors. 
All told, the main idea of this book is to include in a single tour a collection of insights on why and how humans implement the Four. The narrative highlights several connections as well as how key these businesses are as the traveler is escorted through some Four-related behavioral problems and institutional solutions that humans have been, respectively, facing and elaborating over time. Economics students may exploit this book by both inserting what they are learning from textbooks into a wider framework and enjoying some of the hints revealed by the grand social theorizing of giants such as A. Smith and J. Schumpeter. But the proposed tour may also attract outsiders to economics who are curious about disparate economic themes linked to the Four but who wish to gain an overview without engaging in longer readings.


Caracteristici

Provides insights from economics on humans’ attempts to trade, forecast, aggregate, and innovate Includes in-depth discussions on economic systems Offers non-professional economists an uncommon perspective beyond mainstream economics