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Two Minds - Intuition and Analysis in the History of Economic Thought (Paperback, 2005 ed.) Loot Price: R2,873
Discovery Miles 28 730
Two Minds - Intuition and Analysis in the History of Economic Thought (Paperback, 2005 ed.): Roger Frantz

Two Minds - Intuition and Analysis in the History of Economic Thought (Paperback, 2005 ed.)

Roger Frantz

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Loot Price R2,873 Discovery Miles 28 730 | Repayment Terms: R269 pm x 12*

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As everyone knows, intuition is warm and fuzzy, qualitative, not measurable. Economics, on the other hand, is quantitative, and if it is not a hard science, at least it is the "queen of the social sciences." It is, therefore, intuitively obvious, that intuition and economics are as if oil and water. The problem is, what is intuitively obvious is not always correct. And, there are two major reasons why intuition and economics are not like oil and water. First, economics concerns itself with decision making, and decisions are made in the brain. The human brain is the size of a grapefruit, weighing three pounds with approximately 180 billion neurons, each physically independent but interacting with the other neurons. What we call intuition is, like decision making, a natural information processing function of the brain. Second, despite the current emphasis on quantitative analysis and deductive logic there is a rich history of economists speaking about intuition. First, the human brain, specifically the neocortex, has a left and right hemisphere. The specialized analytical style of the left hemisphere and the specialized intuitive style of the right hemispheres complement each other.

General

Imprint: Springer-Verlag New York
Country of origin: United States
Release date: December 2014
First published: 2005
Authors: Roger Frantz
Dimensions: 235 x 155 x 16mm (L x W x T)
Format: Paperback
Pages: 178
Edition: 2005 ed.
ISBN-13: 978-1-4614-9888-9
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
Books > Humanities > History > History of specific subjects > Economic history
Books > Social sciences > Psychology > Cognition & cognitive psychology > General
Books > Computing & IT > Applications of computing > Artificial intelligence > General
Books > History > History of specific subjects > Economic history
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LSN: 1-4614-9888-0
Barcode: 9781461498889

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