Reviews for Microeconomics

The average rating for Microeconomics based on 2 reviews is 5 stars.

Review # 1 was written on 2007-06-27 00:00:00 Adam Pinto Uses the fairly recently-developed (1970's) tools of evolutionary game theory (specifically evolutionarily stable strategies) to study more-realistic economic situations than what we normally learn in Econ 101. Bowles demolishes the idea that a frictionless market of independent price-taking utility maximizers even makes sense; he replaces it with a far more dynamic model of humans with realistic psychology. In his treatment, standard von Neumann-Morganstern-Nash game-theoretic equilibria become the *endpoints* of a far more complicated process where institutions evolve. Behavior is defined by institutions; Bowles studies how institutions change behavior, and conversely. One of the most mind-changing books I've read in a long time.

Review # 2 was written on 2015-12-14 00:00:00 Anan Hiri Brilliant and innovative! The thinking we require to move economics forward.