Cognitive Developments in Economics
Salvatore Rizzello
First published 2003 by Routledge
Cognitive economics proposes an interdisciplinary approach to the study
of human problem-solving, choice, decision-making and change, to explain
economic transactions, the nature and evolution of organizations and institutions.
This book contains some of the most cutting-edge research in economics.
Leading scholars, including Ulrich Witt, Stanley Metcalfe,
Massimo Egidi, Nicolai Foss, Richard Arena and Bart Nooteboom, cover
such topics as:
• economic methodology
• bounded rationality
• learning and cognition in firms
• institutional economics
Cognitive economics contributes to a large spectrum of economic fields
such as consumer theory, economics of the firm, economics of innovation,
evolutionary economics and experimental economics. This book is particularly
pertinent given the recent award of the Nobel Prize to Daniel Kahneman
– evidence that this is one of the true frontiers of economic theory
today.