Description
Explore the transformative ideas presented in 'Arguing About Tastes,' a groundbreaking book that challenges traditional economics by examining how individual preferences are not fixed but fluid and shaped by context and experience. In this insightful 2023 release from Columbia University Press, author David M. Kreps makes a compelling argument for the integration of evolving human tastes into economic theory, emphasizing the importance of understanding social exchange dynamics. This book is essential for those interested in behavioral economics, intrinsic motivation, and human resource management. Kreps presents formal models that highlight how relying solely on extrinsic incentives can be counterproductive, calling into question established assumptions and inviting readers to rethink their approach to preferences. He also controversially critiques the principle of de gustibus non est disputandum—the idea that tastes cannot be debated—and proposes a paradigm shift in economic thought. Featuring responses from notable economists Alessandra Casella and Joseph E. Stiglitz, 'Arguing About Tastes' is not just a book; it's a challenge to the status quo. Perfect for economists, psychologists, and anyone fascinated by the interplay between personal preferences and economic behavior, this book is a must-read for those looking to deepen their understanding of the complexities of human tastes in the social and economic realms.