The Revenge of Homo Economicus : Contested Exchange and the Revival of Political Economy

@inproceedings{Bowles2007TheRO,
  title={The Revenge of Homo Economicus : Contested Exchange and the Revival of Political Economy},
  author={Samuel Bowles and Herbert Gintis},
  year={2007}
}
The strength of the neoclassical paradigm, generations of students have been told, lies in its hardheaded grounding in a general model of self-interested action. But recent developments in microeconomic theory have shown that the selfinterested behavior underlying neoclassical theory is artificially truncated: it depicts a charmingly Victorian but utopian world in which conflicts abound but a handshake is a handshake. Studies of principal-agent analysis, the economics of information, radical… CONTINUE READING