Overview
Develops the theory of support-bargaining and money-bargaining
Challenges mainstream economic theory
Thought-provoking and engaging
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Table of contents (6 chapters)
Keywords
About this book
This book provides an introduction to the theory of support-bargaining and money-bargaining. Support-bargaining arises from the propensity of all individuals to seek the support of those around them and is the underlying mechanism of democratic societies. It is also the underlying mechanism of theory formation. Intellectual support-bargaining is the process by which support is assembled for ideas and theories.
Mainstream economic theory, or ‘neoclassical theory’, can be seen as formulated to advance individual interest. It is mainstream because it has assembled sufficient support to give it ascendancy in academia. It reconciles private and public interest in a mathematical account of resource allocation. Money-bargaining, in contrast, explains the process of economic exchange. Transactions are based on information, so that the character of information itself influences the conduct of exchange.
This volume provides a radically new explanation of the functioning of human societies that will be recognised as entirely consistent with common observation and experience.Authors and Affiliations
About the author
Bibliographic Information
Book Title: A Starter on Support-Bargaining and Money-Bargaining in Twenty-Eight Digestible Bites
Authors: Patrick Spread
DOI: https://doi.org/10.1007/978-3-030-05231-7
Publisher: Palgrave Pivot Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive licence to Springer Nature Switzerland AG 2018
Hardcover ISBN: 978-3-030-05230-0Published: 10 January 2019
eBook ISBN: 978-3-030-05231-7Published: 29 December 2018
Edition Number: 1
Number of Pages: VI, 168
Number of Illustrations: 1 b/w illustrations
Topics: Heterodox Economics, Economic Psychology, Economic Theory/Quantitative Economics/Mathematical Methods, Economic Policy