Economics, Econometrics and Finance
8 years ago

Self-interest drives economic behavior, shaping social equilibrium and resource efficiency.

Lecture notes in economics and mathematical systems
The Economics of Incentives, an Introductory Account
Hugo Sonnenschein

Paper Summary

The article discusses how economics studies how people act in their own self-interest, how social interactions affect economic outcomes, and how conflicts between individual goals impact resource use and societal well-being.

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