Microeconomics and Behavior freely concedes the importance of the self-interest motive in many contexts. But it also devotes an entire chapter to the role of unselfish motives in social and economics transactions. Employing elementary game theory, this chapter identifies circumstances in which people who hold such motives have a competitive advantage over pure opportunists. It shows, for axampl…
As you begin the study of economics, perhaps the most important thing to realize is that economics is not a collectionof settled facts, to be copied down and memorized. The principal objective of this book, and of this course, is to help you learn these principles and how apply them to a variety of economic questions and issues.