Economics can be inspiring - often taking a stand against convention, achieving challenging results, discussing unorthodox viewpoints and suggesting new policies.
Bruno S. Frey illustrates what he perceives to be the inspirational quality of economics and how this differs from the type of economics studied in many academic institutions. He introduces insights into economics from a psychological perspective, dealing with issues such as transformation of anomalies, identification in democracy and crowding effects, and focuses on intrinsic motivation and how it is undermined.
Inspiring Economics also looks at the integration of economics and politics, covering topics including popular initiatives and referenda, authoritarian nations and foreign aid, and the way in which the cost of war is reflected on the capital market.
This groundbreaking empirical study of human motivation and behaviour will be a fascinating read for those interested in economics and economic theory.
Bruno S. Frey, Distinguished Professor of Behavioural Science, University of Warwick, UK, Guest Professor, Zeppelin University, Friedrichshafen, Germany and Research Director, CREMA - Centre for Research in Economics, Management and the Arts, Switzerland
Contents: Preface Part I: On Economics 1. Inspiring, Dismal or Boring Economics? 2. From Economic Imperialism to Social Science Inspiration Part II: Integrating Psychology 3. Economic Incentives Transform Psychological Anomalies with Reiner Eichenberger 4. Marriage Paradoxes with Reiner Eichenberger 5. From the Price to the Crowding Effect 6. The Old Lady Visits your Backyard: A Tale of Morals and Markets with Felix Oberholzer-Gee and Reiner Eichenberger 7. Motivation, Knowledge Transfer and Organizational Forms with Margit Osterloh Part III: Political Economy 8. Identification in Democratic Society with Iris Bohnet 9. Popular Referenda and Institutional Reform 10. What are the Sources of Happiness? with Alois Stutzer 11. FOCJ: Competitive Governments for Europe with Reiner Eichenberger 12. The Political Economy of Stabilization Programmes in Developing Countries with Reiner Eichenberger 13. Bond Values and World War II Events with Marcel Kucher References Index