Exchange transactions revisited: on the universal applicability of homo economicus
INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS, vol.44, no.4, pp.459-473, 2017 (ESCI, Scopus)
- Publication Type: Article / Article
- Volume: 44 Issue: 4
- Publication Date: 2017
- Doi Number: 10.1108/ijse-05-2015-0127
- Journal Name: INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS
- Journal Indexes: Emerging Sources Citation Index (ESCI), Scopus
- Page Numbers: pp.459-473
- Middle East Technical University Affiliated: Yes
Abstract
Purpose - The purpose of this paper is to provide a comprehensive classification of quid pro quo exchange transactions, so as to distinguish the different ways that desired exchange outcomes can be determined and that transactional processes can be conducted. This permits reflection on the generality of the theory of the individual embedded in neoclassical (orthodox) economics.