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Author : Uskali Mäki,Bo Gustafsson,Christian Knudsen
Publisher : Psychology Press
Page : 332 pages
File Size : 54,9 Mb
Release : 1993
Category : Business & Economics
ISBN : 0415092086
First published in 1993. Routledge is an imprint of Taylor & Francis, an informa company.
Author : Bill J Gerrard
Publisher : Routledge
Page : 224 pages
File Size : 46,5 Mb
Release : 2006-04-10
Category : Business & Economics
ISBN : 9781134915286
The concept of rationality is the heart of modern economics. Neo-classical theory seems unable to proceed without assuming a rational agent seeking to find the optimal means to a well defined end. Yet many find this uncritical treatment of rationality problematic. It takes little account of culture history or creativity and consequently many economists find this insistence on rationality of little use when trying to explain a wide range of economic phenomena. Increasingly these include a large number of game theorists and others involved in mainstream theory as well as those typically opposed to neo-classicism. The Economics of Rationality contains a number of critical perspectives on the treatment of rationality in economics.
Author : Ken Dennis
Publisher : Springer Science & Business Media
Page : 153 pages
File Size : 44,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789401148627
Ideas linked to rational choice theory started to appear frequently in the economics literature in the 1960s and 1970s, but the attention given to rationality widened to include commentators presenting far-reaching appraisals and critiques. The literature grew to a steady flow and spanned diverse areas of thought including socialist and `rational-choice Marxist' assessments, and other approaches including institutional, sociological, psychological, ethical, choice-theoretical, strategic, and game-theoretical treatments of rationality. This diversity of literature led to the creation of this volume. What does rationality mean? Was there some common core of meaning that held all of these seemingly disparate developments together, or were there discernable schools of thought with peculiarities that set them clearly apart from one another? The essays in this volume illustrate that diversity, and despite the variety of approaches there remains a common core of meaning that accommodates not so much a radically different set of concepts of rationality as a highly variegated array of methods and approaches to this subject. Contributors address topics of their choice on the concept of rationality in economics, and the selection of these contributors is meant to represent a variety of backgrounds and approaches.
Author : Armando C. Ochangco
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 44,7 Mb
Release : 1999
Category : Economics
ISBN : 1858989558
The main theme of this book is the methodological problem of rationality in economic thought. The author investigates the different interpretations of this problem advanced by major figures in the history of economic thought. The book examines the history and rationality of the 'theory of value' from Adam Smith to Alfred Marshall and attempts to understand these arguments and criticisms within a general methodological vein. It goes on to provide a complete historical account of the ideas and arguments on value propounded by Smith, Ricardo, Marx, Jevons, Walras and Marshall as well as by more recent scholars such as Sraffa and Debreu and interprets their methodological differences. The author proposes a novel 'pragmatic-pluralist' methodological interpretation which borrows and creatively synthesizes ideas from many sources, including Wittgenstein (language-games), Searle (performatives), Habermas (communicative reason), hermeneutics, Marx and the pragmatic tradition. Rationality in Economic Thought will be of interest to students and scholars of the history of economic thought, economic methodology and the philosophy of the social sciences.
Author : Ricardo F. Crespo
Publisher : Taylor & Francis
Page : 172 pages
File Size : 43,9 Mb
Release : 2017-05-18
Category : Business & Economics
ISBN : 9781317245643
During the second half of the twentieth century, economics exported its logic – utility maximization – to the analysis of several human activities or realities: a tendency that has been called “economic imperialism”. This book explores the concept termed by John Davis as “reverse imperialism”, whereby economics has been seen in recent years to have taken in elements from other disciplines. Economics and Other Disciplines sheds light on the current state and possible future development of economics by focusing on it from a philosophical perspective, broadening the concept of rationality in economic theory. The beliefs that prevail in the world today make up a physicalist worldview. This book argues that this pervasive view is harmful for economics as a social science. Do new economic currents like behavioral economics, evolutionary economics, neuroeconomics, institutional economics, happiness economics, the capability approach and civil economy, escape this widespread mentality? What would be an adequate underlying economic ethos? Do these approaches fit into this ethos? Ricardo F. Crespo appraises the contributions from a classical philosophy angle, emphasizing their implications regarding practical reason. This volume is of great importance to those who are interested in political economy, economic theory and philosophy, as well as philosophy of social science.
Author : Michel Zouboulakis
Publisher : Routledge
Page : 189 pages
File Size : 49,7 Mb
Release : 2014-01-21
Category : Business & Economics
ISBN : 9781317817482
The concept of economic rationality is important for the historical evolution of Economics as a scientific discipline. The common idea about this concept -even between economists- is that it has a unique meaning which is universally accepted. This new volume argues that "economic rationality" is not not a universal concept with one single meaning, and that it in fact has different, if not conflicting, interpretations in the evolution of discourse on economics. In order to achieve this, the book traces the historical evolution of the concept of economic rationality from Adam Smith to the present, taking in thinkers from Mill to Friedman, and encompassing approaches from neoclassical to behavioural economics. The book charts this history in order to reveal important instances of conceptual transformation of the meaning of economic rationality. In doing so, it presents a uniquely detailed study of the historical change of the many faces of the homo oeconomicus .
Author : Lawrence A. Boland
Publisher : Routledge
Page : 375 pages
File Size : 47,5 Mb
Release : 2020-09-23
Category : Business & Economics
ISBN : 9781000159332
Many consider Foundations of Economic Method to be Lawrence Boland's best work. This updated edition is radically changed from the original and will be much appreciated by thinkers within economics. The book positions methodology vis-à-vis the current practice of economists and is all the better for it. Yet another book that not only deserves to be read by those within the field of economic methodology, but also by those involved in economics at all. Boland is back.
Author : Manfred E. Streit,Uwe Mummert,Daniel Kiwit
Publisher : Springer Science & Business Media
Page : 262 pages
File Size : 43,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642597831
Institutions are rules that are supported by various enforcement mechanisms. Cognition refers to the process of how men perceive and process information, whereas rationality refers to how these processes are modelled. Within institutional economics there is a growing scepticism towards extending the conventional economic frame of analysis to institutions. In particular, the notion of perfect rationality is increasingly questioned. At the same time human cognition has become a major field of research in psychology. This book explores what institutional economics can learn from cognitive psychology regarding the proper modelling of rationality in order to explain institutional change.
Author : Vernon L. Smith
Publisher : Cambridge University Press
Page : 384 pages
File Size : 48,7 Mb
Release : 2007-11-05
Category : Business & Economics
ISBN : 9781139466462
The principal findings of experimental economics are that impersonal exchange in markets converges in repeated interaction to the equilibrium states implied by economic theory, under information conditions far weaker than specified in the theory. In personal, social, and economic exchange, as studied in two-person games, cooperation exceeds the prediction of traditional game theory. This book relates these two findings to field studies and applications and integrates them with the main themes of the Scottish Enlightenment and with the thoughts of F. A. Hayek: through emergent socio-economic institutions and cultural norms, people achieve ends that are unintended and poorly understood. In cultural changes, the role of constructivism, or reason, is to provide variation, and the role of ecological processes is to select the norms and institutions that serve the fitness needs of societies.
Author : D. Wade Hands
Publisher : Rowman & Littlefield
Page : 268 pages
File Size : 41,8 Mb
Release : 1993
Category : Business & Economics
ISBN : 0847677249
'...a thoughtful, sustained reflection....a valuable contribution to the growing literature in the philosophy or economics.'-ETHICS
Author : Edward J. Nell,Karim Errouaki
Publisher : Edward Elgar Publishing
Page : 576 pages
File Size : 46,5 Mb
Release : 2013-09-30
Category : Business & Economics
ISBN : 9781849809627
•If you are interested in understanding the underlying philosophical reasons why structural econometrics seems dead, read this book. Not only do the authors provide a comprehensive, stimulating, and provocative account of the debate and literature, the
Author : Marc Reed Tool,Warren J. Samuels
Publisher : Transaction Publishers
Page : 610 pages
File Size : 49,8 Mb
Release : 1989-01-01
Category : Business & Economics
ISBN : 1412837782
This collection of articles taken from the Journal of Economic Issues offers both a fresh perspective and a persuasive diagnosis on economic methodology. It simultaneously presents institutional economists' approaches to economic inquiry and policy, as well as a running critique of conceptual flaw and inadequacies of the traditional orthodox neoclassical approach that dominates college curriculums and media.
Author : L. D. Keita
Publisher : University of Delaware Press
Page : 204 pages
File Size : 42,6 Mb
Release : 1992
Category : Business & Economics
ISBN : 0874134102
This work examines the claim to scienific status made by supporters and practitioners of neoclassical economics. The approach taken is that of the history and philosophy of science. Analysis points to the conclusion that theories of economic choice are necessarily normative, essentially because of the nature of human behavior.
Author : Peter Róna,László Zsolnai,Agnieszka Wincewicz-Price
Publisher : Springer Nature
Page : 236 pages
File Size : 53,5 Mb
Release : 2020-09-03
Category : Philosophy
ISBN : 9783030526733
This open access book examines from a variety of perspectives the disappearance of moral content and ethical judgment from the models employed in the formulation of modern economic theory, and some of the papers contain important proposals about how moral judgment could be reintroduced in economic theory. The chapters collected in this volume result from the favorable reception of the first volume of the Virtues in Economics series and represent further contributions to the themes set out in that volume: (i) examining the philosophical and methodological fallacies of this turn in modern economic theory that the removal of the moral motivation of economic agents from modern economic theory has entailed; and (ii) proposing a return descriptive economics as the means with which the moral content of economic life could be restored in economic theory. This book is of interest to researchers and students of the methodology of economics, ethics, philosophers concerned with agency and economists who build economic models that rest in the intention of the agent.
Author : Maurice Godelier
Publisher : Verso Books
Page : 369 pages
File Size : 55,8 Mb
Release : 2014-08-26
Category : Social Science
ISBN : 9781781680377
This book is the result of a research project begun by the author in 1958 with the aim of answering two questions: First, what is the rationality of the economic systems that appear and disappear throughout history—in other words, what is their hidden logic and the underlying necessity for them to exist, or to have existed? Second, what are the conditions for a rational understanding of these systems—in other words, for a fully developed comparative economic science? The field of investigation opened up by these two questions is vast, touching on the foundations of social reality and on how to understand them. The author, being a Marxist, sought the answers, as he writes, ‘not in philosophy or by philosophical means, but in and through examining the knowledge accumulated by the sciences.’ The stages of his journey from philosophy to economics and then to anthropology are indicated by the divisions of his book. Godelier rejects, at the outset, any attempt to tackle the question of rationality or irrationality of economic science and of economic realities from the angle of an a priori idea, a speculative definition of what is rational. Such an approach can yield only, he feels, an ideological result. Rather, he treats the appearance and disappearance of social and economic systems in history as being governed by a necessity ‘wholly internal to the concrete structures of social life.
