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Title: The New Economic Mind (2nd Edition) by Alan Lewis, Paul Webley, Adrian Furnham ISBN: 0-13-342981-4 Publisher: Prentice Hall PTR Pub. Date: 15 May, 1995 Format: Paperback Volumes: 1 List Price(USD): $43.00

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Average Customer Rating: 4 (1 review)

Rating: 4
Summary: Valuable Literature Review of Work in Economic Psychology
Comment: I've just read the first edition of this work, "The Economic Mind", published in 1986. Even so it was worthwhile, but I'm glad to see that a new, and more up-to-date, version has been published.

The book differed in two ways, I suppose, from what I'd expected. First, it was written mainly for psychologists who might be interested in economic situations, rather than for economists (like me) who wanted greater insight into the contributions of psychologists. I soon adjusted, though, and shouldn't let this put off any fellow-economists from reading the book. Second, it was almost entirely made up a literature survey. Thus, anyone looking for a coherent, single, perspective such as that offered by--I don't know, let's say Robert Lane's "The Market Experience" --might be disappointed in "The Economic Mind". He or she would, though, find a hundred other references to follow up here that would provide this perspective and I expect, for instance, to find Lane's work introduced in the new edition.

A final surprise was of a different kind: the editing of the first edition was quite poor, with a number of incomplete sentences. I imagine, again, that the new edition.

Overall, I'd rate this book highly. When it first came out in 1986 it claimed to be the only treatment of its kind. Now, in the mid '90s, its successor is making a similar claim. It's a mystery to me why more people haven't taken the plunge and made use of the resources provided by "The Economic Mind" to enrich their understanding of economic psychology (or is the other way around?).