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Systemic Principles of Applied Economic Philosophies I Producers, Consumers, and the Firm
Title
Systemic Principles of Applied Economic Philosophies I [electronic resource] : Producers, Consumers, and the Firm / by Jeffrey Yi-Lin Forrest.
ISBN
9789819972739
Edition
1st ed. 2023.
Publication
Singapore : Springer Nature Singapore : Imprint: Springer, 2023.
Physical Description
1 online resource (XXII, 417 p.) 1 illus.
Local Notes
Access is available to the Yale community.
Access and use
Access restricted by licensing agreement.
Summary
The objective of this book is to answer the calls from front-line managers, entrepreneurs, and scholarly researchers to reconstruct the theories of economics and business. Their request is for new theories to be more relevant to real life than the now-prevalent ones. To provide that answer, the book proposes to develop elementary postulates at the level of the four natural endowments of a business firm or an individual: self-awareness, imagination, conscience, and free will. Then, conclusions based on these postulates can be established through logical reasoning. On this realistic footing, the book employs the concepts, methodology, and logical reasoning of systems science to answer a full list of theoretically and practically important questions. Those queries involve such topics as rationality, the meanings of optima and choices of optimization methods, the relationship between micro- and macro-phenomena, consumption preferences, and utility representations. The target audience of the book includes graduate students and scholarly researchers, particularly those who look for opportunities to develop new territories in the world of economic and business knowledge. The book also aims at front-line decision-making managers and entrepreneurs who seek sounder theories than the commonly available ones on which to base their critical decisions. By competently employing the systemic intuition-yoyo model, graduate students, scholarly researchers, decision-making managers, and entrepreneurs can attain new conclusions. In addition, they will gain insightful understanding of market signals without unnecessarily expending other resources of limited availability.
Variant and related titles
Springer ENIN.
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Format
Books / Online
Language
English
Added to Catalog
February 06, 2024
Series
Translational Systems Sciences, 38
Contents
Chapter 1. Revisits to Some Fundamental Issues Facing Economic & Business Studies
Chapter 2. Systems Science and the Logic of Systemic Reasoning
Chapter 3. Closed and Open Systems
Chapter 4. The Evolution of Freely Competitive Markets
Chapter 5. Consumer's Natural Endowments
Chapter 6. Scenarios not Adequately Investigated. Chapter 7. Each Customer Defines What is Optimal and How to Optimize
Chapter 8. Rationality: Optimal Fit to the Underlying Value-Belief System
Chapter 9. Economy's Properties Emerging out of Micro Agents of Inconsistent Interests
Chapter 10. Overcoming the Challenge of the Fallacy of Composition
Chapter 11. Production, Costs and Profits of a Producer Firm
Chapter 12. Production Possibilities, Correspondence and Factor Demand
Chapter 13. Optimal Production Correspondence and Aggregated Supply/Demand
Chapter 14 Consumption Preferences and Utilities
Chapter 15. Convexities of Consumption Preferences
Chapter 16. Budget and Demand Correspondence
Chapter 17. Management Efficiency and Organizational Inefficiency. .
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