Economists working on behavioral economics have been awarded the Nobel Prize four times in recent years. This book explores this innovative area and in particular focuses on the work of Harvey Leibenstein, one of the pioneers of the discipline. The topics covered in the book include agency theory; dynamic efficiency; evolutionary economics; X-efficiency; the effect of emotions, specifically affect on decision-making; market pricing; experimental economics; human resource management; the Carnegie School, and intra-industry efficiency in less developed countries.

First Published in 2011. This study is Volume I of the Global Environment and Development 7 volume set. One of the most promising areas identified in the initial study was female labor-force participation. If good jobs at decent wages were offered to women, particularly those living in rural areas, would such employment have an effect on family size? Would their jobs compete for the women's time as mothers and housewives, offer them an alternative route to acquiring status and a sense of purpose, and perhaps also provide the women with an independent source of income which would enable them to achieve more control over their lives? But, as the original volume makes clear, the situation is more complicated than it first appears to be.