Neoclassical theory and subjectivism: epistemological perspectives on decision-making in economics and location theory
The thesis has a dual focus. It criticises the theory of decision-making inherent in orthodox neo-classical economics, and defines and develops a subjectivist approach to decision-making. Problems of industrial location are used to exemplify the shortcomings of neoclassical economics. A subjectiv...
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| Format: | Others |
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2016
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| Online Access: | http://hdl.handle.net/10539/20841 |
| Summary: | The thesis has a dual focus. It criticises the theory of decision-making inherent
in orthodox neo-classical economics, and defines and develops a subjectivist
approach to decision-making. Problems of industrial location are used to
exemplify the shortcomings of neoclassical economics. A subjectivist approach
to industrial location decisions overturns the traditional explanation of a firm's location by showing that economic considerations may relatively unimportant when people formulate investment plans. [Abbreviated Abstract. Open document to view full version] |
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