Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Systemic Principles of Applied Economic Philosophies I: Producers, Consumers, and the Firm

Systemic Principles of Applied Economic Philosophies I: Producers, Consumers, and the Firm

Forrest, Jeffrey Yi-Lin

Hardcover

Series: Translational Systems Sciences, Book 38

Business GeneralEconomics

ISBN10: 9819972728
ISBN13: 9789819972722
Publisher: Springer
Published: Feb 2 2024
Pages: 417
Weight: 1.74
Height: 1.00 Width: 6.14 Depth: 9.21
Language: English

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.

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