Rethinking the Meaning of Self-Interest, Rational Choice, Growth and Happiness : How the Misunderstanding of These Concepts Caused Misery for Millions

This paper examines four terms that are used a great deal by economists and demonstrates that they are often misunderstood. Not fully comprehending the meaning of these terms can result in serious problems for society. Thus, Greenspan admitted that not knowing how self-interest works resulted in the Great Recession of 2008. Other terms analyzed in this paper include rational choice, growth, and happiness

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Year of publication:	2016
Authors:	Friedman, Hershey H.
Other Persons:	Gerstein, Miriam (contributor)
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Theorie \| Theory \| Rationalität \| Rationality \| Zufriedenheit \| Satisfaction \| Eigeninteresse \| Self-interest

Extent:	1 Online-Ressource (35 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments September 22, 2016 erstellt
Other identifiers:	10.2139/ssrn.2842427 [DOI]
Classification:	M12 - Personnel Management ; M14 - Corporate Culture; Social Responsibility ; M19 - Business Administration. Other ; M31 - Marketing ; M54 - Labor Management (team formation, worker empowerment, job design, tasks and authority, job satisfaction) ; J50 - Labor-Management Relations, Trade Unions, and Collective Bargaining. General ; A22 - Undergraduate ; A23 - Graduate ; D81 - Criteria for Decision-Making under Risk and Uncertainty ; G18 - Government Policy and Regulation ; G21 - Banks; Other Depository Institutions; Mortgages ; I20 - Education. General ; L20 - Firm Objectives, Organization, and Behavior. General ; L21 - Business Objectives of the Firm ; Q20 - Renewable Resources and Conservation; Environmental Management. General ; Q38 - Government Policy
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012982618