Equilibrium Versus Understanding: Towards the Rehumanization of Economics As Social Theory: Towards the Rehumanizing of Economics within Social Theory ... Frontiers of Political Economy, Vol1, Band 1) - Hardcover

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The theories we use shape the way we look at the world and influence our explanations of people's behaviour.
Equilibrium versus Understanding argues that neoclassical theory is incapable of explaining or understanding people's conduct. As a result it is unsuitable for explaining decisions and choices. The author asserts that a different sort of economic theory is required if economists are to understand and get to grips with social problems. As an alternative, he proposes a hermeneutic theory.

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