{"title":"Series: Kenneth J. Arrow Lecture Series","description":"\u003cp\u003eThe \u003cstrong\u003eKenneth J. Arrow Lecture Series\u003c\/strong\u003e offers a diverse exploration of thought-provoking topics spanning \u003cem\u003ephilosophy, finance, health, history, and technology\u003c\/em\u003e. Readers can expect insightful lectures that illuminate complex ideas and contemporary challenges, presented with clarity and intellectual depth.\u003c\/p\u003e\n\n\u003cp\u003eFrom theories of investment and altruism to explorations of wellbeing and global cultures, this series invites curious minds to engage with innovative perspectives and practical knowledge across multiple disciplines.\u003c\/p\u003e","products":[{"product_id":"arguing-about-tastes-by-david-kreps-9780231209915","title":"Arguing About Tastes","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cp\u003eMainstream economics considers individual preferences to be fixed and unchanging. Although psychologists and other social scientists explore how tastes are formed, influenced, and evolve, it is not considered \"proper\" in orthodox economics to do so. \u003cem\u003eArguing About Tastes\u003c\/em\u003e makes the case that economists should abandon the principle that preferences are fixed and instead incorporate into their work how context and experience shape individual tastes.\u003c\/p\u003e\n\n\u003cp\u003eDavid M. Kreps argues that the discipline must account for dynamic personal tastes when it comes to understanding social exchange, emphasising human resource management and on-the-job behaviour. He develops formal models that illustrate the power of intrinsic motivation and show why applying extrinsic incentives can be counterproductive. Kreps weighs the advantages and disadvantages of the principle \u003cem\u003ede gustibus non est disputandum\u003c\/em\u003e: there is no arguing about tastes. He calls for a new era of economics in which preferences are taken into account—and not for granted.\u003c\/p\u003e\n\n\u003cp\u003e\u003cem\u003eArguing About Tastes\u003c\/em\u003e concludes with responses by the distinguished economists Alessandra Casella and Joseph E. Stiglitz and a final reply by Kreps.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":47429968560364,"sku":"9780231209915","price":41.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/9780231209915.jpg?v=1774559833"}],"url":"https:\/\/bookhero.co.nz\/collections\/series-kenneth-j-arrow-lecture-series.oembed","provider":"Book Hero","version":"1.0","type":"link"}