At 20:58 19/04/2007, julio wrote:
Of course I can get cooperation as the outcome of an economy populated
by individuals who are predisposed to cooperate. If they are trying
to maximize their individual wellbeing and their individual wellbeing
is assume to depend on own consumption as much as on the consumption
of others, then whatever works for one works for all. Voilà.
Economists call them "altruistic preferences." In fact, a big chunk
of modern growth theory is based on that implicit assumption.
really? could you elaborate a bit on this?
michael
Michael A. Lebowitz
Professor Emeritus
Economics Department
Simon Fraser University
Burnaby, B.C., Canada V5A 1S6
Currently based in Venezuela.
NOTE NEW PHONE NUMBERS
Can be reached at
Residencias Anauco Suites
Departamento 601
Parque Central, Zona Postal 1010, Oficina 1
Caracas, Venezuela
(58-212) 573-6333, 571-1520, 571-3820 (or hotel cell: 0412-200-7540)
fax: (58-212) 573-7724
