H. Peyton Young Livres

Challenging the assumptions of neoclassical economics, Peyton Young presents a more nuanced perspective on human behavior, highlighting limitations in understanding and occasional irrationality. He explores how the collective actions of individuals, shaped by their experiences, lead to the development of customs, norms, and institutions that influence economic and social dynamics. Young introduces a theory that not only predicts the evolution of these institutions but also assesses their implications for welfare, offering a comprehensive view of economic interactions.

The issue of fair representation will take center stage as U.S. congressional districts are reapportioned based on the 2000 Census. Using U.S. history as a guide, the authors develop a theory of fair representation that establishes various principles for translating state populations -or vote totals of parties -into a fair allocation of congressional seats. schovat popis