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Book synopsis

The human factor has received scant attention in modern economics, however this volume redresses the balance by incorporating the psychology of human desire into economic analysis. This book constructs a new basic structure model of economic circulation based on a new flow-like concept of utility (diminishing utility). This concept is an expression of the inevitable decline in the level of utility that follows during the period after previous consumption. By using this concept, the study analyzes the direct relationship between human psychology and economic fluctuation.

Book details

Book category Books in English Economics, finance, business & management Economics Macroeconomics

• Full title: Human Psychology and Economic Fluctuation
• Subtitle: A New Basic Theory of Human Economics
• Author: Hideaki Tamura
• Language: English
• Binding: Hardback
• Number of pages: 175
• EAN: 9780230004825
• ISBN: 0230004822
• ID: 04551042
• Publisher: PALGRAVE MACMILLAN
• Weight: 360 g
• Dimensions: 224 × 163 × 16 mm
• Date of publishing: 06. June 2006

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