Exchange transactions revisited: on the universal applicability of homo economicus


Dixon J.

INTERNATIONAL JOURNAL OF SOCIAL ECONOMICS, vol.44, no.4, pp.459-473, 2017 (ESCI) identifier identifier

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.