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Both economists and popular writers have once more run away with some fragments of reality they happened to grasp. Joseph A. Schumpeter, Capitalism, Socialism, and Democracy, 1942. 1. Rational Behaviour and Economics Never in the history of mankind has there been such unlimited belief intheabilitiesofthehumanmindasintheAgeofReasoninthe?rsthalf of the eighteenth century. The likes of Mozart, Goethe, and Rousseau ensured a new era of optimism and creativity in both the arts and the sciences. In mathematics, the theory of probability was re?ned and its laws were believed to be good descriptions of human reasoning and 1 decision making. The French Revolution was the logical conclusion of theAgeofReasonandEnlightenment. Italsobroughtaboutitspolitical and social downfall, ending in an age of terror; a victim of its own success. In the early nineteenth century, however, most ?elds of science abandoned many ideas from the era of Enlightenment. Nevertheless, in psychology and economics the probabilistic approach to describing a human being as a fully rational homo economicus remained popular as ever. 1 In Rousseau (1762, p. 97), for example, one ?nds: "Calculateurs, c'est maintenant votre a? aire; comptez, mesurez, comparez". 1 2 INVESTMENT, COALITION SPILLOVERS, AND EVOLUTION Most of contemporary economics still uses the axiom of rational e- nomic agents, where agents are believed to maximise expected utility. Expectations are often assumed to be based on objective probabilities. Expected utility with objective probabilities has been axiomatised by Von Neumann and Morgenstern (1944).
RRP $330.95
Coal and Peat Fires: A Global Perspective, Volumes 1-4, presents a fascinating collection of research about prehistoric and historic coal and peat fires. Magnificent illustrations of fires and research findings from countries around the world are featured-a totally new contribution to science.
This third of four volumes in the collection, Coal Fires - Case Studies, examines in detail specific coal fires chronicled in a number of locations around the world including Brazil, the Czech Republic, Germany, Malawi, Poland, Russia, Spain, Tajikistan, the United States, Venezuela, and others.
- Authored by world-renowned experts in coal and peat fires
- Global in scope-countries from around the world are represented
- Includes beautiful color illustrations, lively presentations, important research data, and informative videos
RRP $16.99
This collection of literature attempts to compile many of the classic, timeless works that have stood the test of time and offer them at a reduced, affordable price, in an attractive volume so that everyone can enjoy them.
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Mining Jobs No Experience