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The complementary tools in informational economics

In: The Entrepreneurial Solution to Poverty and the Science of What is Possible

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Abstract

Informational economics offers a set of tools that can offset the risk of loss from being without resources. The poor are probably uneducated, not stupid. Once they understand how they can use these tools to increase their odds of success, human nature suggests that many people will embrace them to advance their own self interests. In fact, discovering unknown opportunities through the constrained, systematic search of one's consideration set can be highly motivating, once they understand that they are creating property rights for themselves, perhaps for the first time. Although their constrained, systematic search is central to this informational approach, there are a cluster of complimentary tools to augment its effectiveness.

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  • ., 2022. "The complementary tools in informational economics," Chapters, in: The Entrepreneurial Solution to Poverty and the Science of What is Possible, chapter 10, pages 161-181, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:21624_10
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    Cited by:

    1. Kovacs, Oliver, 2024. "Exaptationary Industry 4.0: Graphene as pathfinder?," Technological Forecasting and Social Change, Elsevier, vol. 200(C).
    2. Lyubomir Lyubenov & Anelia Lyubenova, 2023. "Bulgaria’s Financial Markets In Agribusiness - Size, Structure And Development Trends," Economic Archive, D. A. Tsenov Academy of Economics, Svishtov, Bulgaria, issue 2 Year 20, pages 48-61.

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