A cognitive model of economics
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OA: closed
Abstract
Economics is typically regarded as a collection of partially related theories. However, if economics is analyzed from a cognitive perspective, then it becomes evident that these theories form a cognitively natural, coherent package. The theory of mental symmetry is a cognitive model based in seven interacting cognitive modules. This theory is used to analyze most of the fundamental concepts of micro- and macroeconomics, as well as behavioral economics and neuroeconomics. Economics can be explained primarily as a focus upon the interaction between the cognitive module that provides motivation and the cognitive module that emphasizes choice. Economics recognizes the existence of other cognitive modules but regards them as outside of the realm of economics. A fuller cognitive picture can be gained by including the activity of these other cognitive modules. Going further, a cognitive basis for the institutions of macroeconomics can be found by viewing these institutions from the perspective of abstract technical thought.
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