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‘When faced with several courses of action, people usually do what they believe is likely to have the best overall outcome. This deceptively simple sentence summarizes the theory of rational choice’ (Elster, 1989). It is a form of theorizing characterized by the use of technically rigorous mo...
Additionally, they enhance the agents’ capacity of, or encourage their willingness of, sharing information, and also monitoring others’ behavior and, if need be, sanctioning those that do not act according to agreed courses of action. A primary function of these institutions is to allow the ...
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In his writing on economics and citizenship education, Miller [12] noted that economics—like all other disciplines—competes with other courses for curricular space in K-12 schools. For economics educators to make a case for greater inclusion, they need to explain, with precision, how an econom...