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Generalized Microeconomics
by Jirí Hlavácek and Michal Hlavácek
Karolinum Press, 2014
Paper: 978-80-246-2024-4 | eISBN: 978-80-246-2721-2

ABOUT THIS BOOK | AUTHOR BIOGRAPHY | TOC
ABOUT THIS BOOK
The generalization of microeconomics enables model descriptions of economic rationality, even in fields that standard microeconomics more or less avoids, like nonprofit sectors of market economies, altruism, or externalities. Here, the authors broaden the scope of microeconomics while treating standard profit maximization as a special case. They argue, ultimately, that the generalizing criterion is a Darwinian maximization of the probability of survival.

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