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Two Minds

Intuition and Analysis in the History of Economic Thought

Authors: Frantz, Roger

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About this book

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.

Table of contents (8 chapters)

Table of contents (8 chapters)
  • Introduction To Intuition

    Pages 1-19

  • Adam Smith. New Intuitions For A New Age

    Pages 21-37

  • John Stuart Mill. An Anti-Intuitionist Social Reformer

    Pages 39-57

  • Alfred Marshall. Metaphysician and Economist

    Pages 59-75

  • Intuition and Analysis in the Economics of the John Maynard Keynes

    Pages 77-94

Buy this book

eBook $84.99
price for USA (gross)
  • ISBN 978-0-387-23934-7
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $159.00
price for USA
  • ISBN 978-0-387-24069-5
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $109.99
price for USA
  • ISBN 978-0-387-23256-0
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $159.00
price for USA
  • ISBN 978-1-4614-9888-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
Two Minds
Book Subtitle
Intuition and Analysis in the History of Economic Thought
Authors
Copyright
2005
Publisher
Springer US
Copyright Holder
Springer-Verlag US
eBook ISBN
978-0-387-23934-7
DOI
10.1007/b103871
Hardcover ISBN
978-0-387-24069-5
Softcover ISBN
978-0-387-23256-0
Softcover ISBN
978-1-4614-9888-9
Edition Number
1
Number of Pages
X, 178
Topics