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Imaging the Imaginary Events in Evolutionary Learning Trajectories of Wellbeing

In: Islamic Economics as Mesoscience

Author

Listed:
  • Masudul Alam Choudhury

    (Trisakti University
    University of Toronto)

Abstract

Wellbeing can be a subjective functional criterion caused by imagined hurt and benefit in an otherwise pure and real exchange economy, despite with dynamic preferences aggregating the endogenous inter-variable causality of microeconomic behavioural nature to aggregate preference system. I refrain from calling such an aggregation as macroeconomic phenomenon, or even as microeconomic foundation of macroeconomics because of the persistent problem of aggregation and the absence of behavioural representation in macroeconomic theory. Thus a mesoeconomics as meso-science approach to investigate the aggregative nature and logic of dynamic preferences is pertinent to the underlying analytical study.

Suggested Citation

  • Masudul Alam Choudhury, 2020. "Imaging the Imaginary Events in Evolutionary Learning Trajectories of Wellbeing," Springer Books, in: Islamic Economics as Mesoscience, chapter 0, pages 139-157, Springer.
    • Handle: RePEc:spr:sprchp:978-981-15-6054-5_7
    DOI: 10.1007/978-981-15-6054-5_7
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