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Economics and Ethics 1
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Economics and Ethics 1 : The Microeconomic Basis

Softcover reprint of the original 1st ed. 2003

by Wilhelm E. Krelle

Book Details

Format Paperback / Softback
ISBN-10 3642534341
ISBN-13 9783642534348
Edition Softcover reprint of the original 1st ed. 2003
Publisher Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Country of Manufacture DE
Country of Publication GB
Publication Date Jul 19th, 2012
Print length 342 Pages
Product Classification: EconomicsEconomic theory & philosophyEconomic theory and philosophyMicroeconomicsBusiness ethics & social responsibilityBusiness ethics and social responsibility
Ksh 16,200.00
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When one gets older, one looks at the science in which one has been working for a long time from a certain distance such that the general approach, the contours of the whole and the connections to other parts of the social sciences come to the foreground whereas the elaboration of the details must be left to younger colleagues.

A presentation of the basic models of the most important economic agents (households, firms, the banking system etc.). The influence of ethics on the decisions of persons is discussed within the context of mutual influences of one person on another. It is shown that this leads to a Markov chain which converges to a final situation which in many cases is independent of the initial conditions. The book helps the reader to understand the interdependence of humanities and economics and how to model this interdependence in economics.

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