Economics and Human Behavior
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This paper analyzes the discipline of economics and shows how human behavior in its totality has to be used to explain economic behavior. First, the paper examines several economic approaches, particularly that of Marx, Becker and Riker. Then, it considers the impact of economics on political thought and other areas of scholarship. Next, various economic concepts are introduced and defined. Finally, several other economic approaches are explored. The paper concludes by addressing the choices individuals make and upon what these decisions are based.
From the Paper:"Riker uses a lot of chaos, game theory and mathematics in his positive political analysis system. He believes that the lack of progress in the social sciences (macroeconomics excluded) as opposed to the progress in the "hard" sciences is due to what he sees as a lack of firm basis in rational choice models. Basically, what he is arguing for is an empirical approach. In other words, why do the political mice find the cheese in the maze? He is trying to figure out what mathematically makes them tick.
""Analyzing Politics," deals with group dynamics further and tackles economic issues on a more micro level to find out what makes groups go. The concept of "multiple majorities" provides some interesting insights. What if a group is made up of groups? Certainly, one can not speak of a majority in the singular. Instead, one speaks of "majorities." For instance, in the US government, situations are so influenced. If a bill is to make its way through Congress, it has to deal with a majority in the House of Representatives and in the Senate. In addition, it has to deal with majority votes in the various committees through which it must pass. Efficiency and ease of passage is..."
Sample of Sources Used:
- Becker, G. 1976. The economic approach to human behavior. Chicago: University of Chicago.
- Green, D., & Shapiro, I. 1994. Pathologies of rational choice theory: a critique of applications in political science. New Haven: Yale University.
- Riker, W. 1990. "Political science and rational choice." In J. Alt and K. Shepsle, Perspectives on positive political economy (pp 163-81). New York: Cambridge University.
- Shepsle, K. & Bonchek, M.. 1997. Analyzing politics: rationality behavior, and institutions. NY: Norton.
- Shepsle, K. 1986 "Institutional equilibrium and equilibrium institutions." In H. Weisberg, Political science: the science of politics (pp 51-81). New York: Agathon.
Cite this Analytical Essay:
Economics and Human Behavior (2012, November 11) Retrieved February 02, 2023, from https://www.academon.com/analytical-essay/economics-and-human-behavior-152004/
"Economics and Human Behavior" 11 November 2012. Web. 02 February. 2023. <https://www.academon.com/analytical-essay/economics-and-human-behavior-152004/>