IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-04384-2_2.html
   My bibliography  Save this book chapter

The Basis of Choice and Preference

In: Spatial Economic Behaviour

Author

Listed:
  • R. W. Vickerman

    (The University of Kent)

Abstract

The cornerstone of all microeconomics, indeed of all questions with an economic content, is choice. To many economists the rigorous development of a theory of choice has been seen as less important than the important results concerning resource allocation which can be derived from it. Possibly this has been because of the need for practical application of the results of theoretical exercises, but the hiding of an explicit choice theory behind the concepts of utility and indifference has often served to confuse and hinder the acceptance and application of the tools of economics to many problems. Yet ultimately economics is not about as abstract an idea as resource allocation, it is about choice, choice of the individual as to what to do, where to go, what to buy, choice of the producer as to what and where to produce and how, choice of the community how to live and so on.

Suggested Citation

  • R. W. Vickerman, 1980. "The Basis of Choice and Preference," Palgrave Macmillan Books, in: Spatial Economic Behaviour, chapter 2, pages 6-29, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-04384-2_2
    DOI: 10.1007/978-1-349-04384-2_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-04384-2_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.