Two Minds

Name: Two Minds
Brand: Springer-Verlag New York Inc.
SKU: 9780387232560
Price: 583.6 RON
Availability: InStock

Intuition and Analysis in the History of Economic Thought

Autor: Roger Frantz

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Editura: Springer-Verlag New York Inc.

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583.60 lei

As everyone knows, intuition is warm and fuzzy, qualitative, not measurable. Economics, on the other...

Informații despre carte

Autor

Roger Frantz

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2005

Pagini

178

EAN

9780387232560

ISBN

0387232567

Enbook ID

03612512

Editura

Springer-Verlag New York Inc.

Greutate

302

Dimensiuni

155 x 235 x 12

Descriere completă

As everyone knows, intuition is warm and fuzzy, qualitative, not measurable. Economics, on the other hand, is quantitative, and if it is not a hard science, at least it is the "queen of the social sciences." It is, therefore, intuitively obvious, that intuition and economics are as if oil and water. The problem is, what is intuitively obvious is not always correct. And, there are two major reasons why intuition and economics are not like oil and water. First, economics concerns itself with decision making, and decisions are made in the brain. The human brain is the size of a grapefruit, weighing three pounds with approximately 180 billion neurons, each physically independent but interacting with the other neurons. What we call intuition is, like decision making, a natural information processing function of the brain. Second, despite the current emphasis on quantitative analysis and deductive logic there is a rich history of economists speaking about intuition. First, the human brain, specifically the neocortex, has a left and right hemisphere. The specialized analytical style of the left hemisphere and the specialized intuitive style of the right hemispheres complement each other.

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Two Minds

Intuition and Analysis in the History of Economic Thought

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