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Deception in Markets: An Economic Analysis (Hardback)
  • Deception in Markets: An Economic Analysis (Hardback)
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Deception in Markets: An Economic Analysis (Hardback)

(editor)
£107.00
Hardback 378 Pages / Published: 19/11/2004
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This volume focuses on modern economic analyses of deception in markets. The contributors offer a systematic account of how different approaches to modern economics deal with dishonesty and cheating in the marketplace. The particular focus is on economic concepts such as rationality and behaviour in relation to deception. Analyses are presented from the perspective of standard economic frameworks (i.e. game theory, new institutional economics, new classical macroeconomics) while behavioural developments (i.e. behavioural economics and finance) are referred to, challenging the basic economic concepts of rationality and self-interest. Finally, anthropological findings are used to contrast these economic conceptions of deception.

Publisher: Palgrave USA
ISBN: 9781403943453
Number of pages: 378
Weight: 594 g
Dimensions: 216 x 138 x 25 mm
Edition: 2004 ed.


MEDIA REVIEWS

'Though deception, cheating, lying and fraud are common in the market system, remarkably they have been mostly overlooked by economists. This wonderfully diverse collection makes excellent contribution to changing this state of affairs by demonstrating the difference that deception makes to rationality theory and competition. Very much recommended for those interested in sorting out new directions in economic theory.' - Professor John Davis, University of Amsterdam and Marquette University

'With the experience of Enron and Parmalat still fresh in our minds, this volume supplies a timely and revealing discussion of deception: how it arises and what can be done about it. The insights of mainstream economics are supplemented by those of psychology and anthropology and the result is an exciting piece of social science.' - Professor Shaun Hargreaves-Heap, University of East Anglia, UK

'Caroline Gerschlager has assembled an international set of scholars from diverse disciplines to discuss a most timely subject - deception in markets and self-deception in human relations. The scholars do not only discuss what went wrong recently in markets in Europe and the US. They also discuss what might have gone wrong in the discipline of economics for its failure to anticipate the recent massive market as well as institutional failures.' - Elias L. Khalil, Max Planck Institute for Research into Economic Systems, Germany

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