Download Full eBooks in PDF
Studies In Economic Rationality Book in PDF, ePub and Kindle version is available to download in english. Read online anytime anywhere directly from your device. Click on the download button below to get a free pdf file of Studies In Economic Rationality book. This book definitely worth reading, it is an incredibly well-written.
Author : Klaus Weiermair,Mark Perlman
Publisher : University of Michigan Press
Page : 418 pages
File Size : 42,8 Mb
Release : 1990
Category : Business & Economics
ISBN : 0472101544
Explores the X-efficiency paradigm in relation to the theory of the firm
Author : Michel Zouboulakis
Publisher : Routledge
Page : 188 pages
File Size : 52,7 Mb
Release : 2014-01-21
Category : Business & Economics
ISBN : 9781317817499
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 : L. D. Keita
Publisher : University of Delaware Press
Page : 204 pages
File Size : 45,9 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 : Jakob Bek-Thomsen,Christian Olaf Christiansen,Stefan Gaarsmand Jacobsen,Mikkel Thorup
Publisher : Springer
Page : 140 pages
File Size : 40,8 Mb
Release : 2017-03-21
Category : Philosophy
ISBN : 9783319528151
This book concentrates upon how economic rationalities have been embedded into particular historical practices, cultures, and moral systems. Through multiple case-studies, situated in different historical contexts of the modern West, the book shows that the development of economic rationalities takes place in the meeting with other regimes of thought, values, and moral discourses. The book offers new and refreshing insights, ranging from the development of early economic thinking to economic aspects and concepts in the works of classical thinkers such as Thomas Hobbes, John Locke and Karl Marx, to the role of economic reasoning in contemporary policies of art and health care. With economic rationalities as the read thread, the reader is offered a unique chance of historical self-awareness and recollection of how economic rationality became the powerful ideological and moral force that it is today.
Author : Charalambos D. Aliprantis,Rosa L. Matzkin,Daniel L. McFadden,James C. Moore,Nicholas C. Yannelis
Publisher : Springer Science & Business Media
Page : 254 pages
File Size : 42,6 Mb
Release : 2006-04-20
Category : Business & Economics
ISBN : 9783540295785
This book contains a collection of original and state-of-the-art contributions in rational choice and general equilibrium theory. Among the topics are preferences, demand, equilibrium, core allocations, and testable restrictions. The contributing authors are Daniel McFadden, Rosa Matzkin, Emma Moreno-Garcia, Roger Lagunoff, Yakar Kannai, Myrna Wooders, James Moore, Ted Bergstrom, Luca Anderlini, Lin Zhou, Mark Bagnoli, Alexander Kovalenkov, Carlos Herves-Beloso, Michaela Topuzu, Bernard Cornet, Andreu Mas-Colell and Nicholas Yannelis.
Author : Vernon L. Smith
Publisher : Cambridge University Press
Page : 384 pages
File Size : 49,8 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 : Julian Nida-Rümelin
Publisher : Springer Science & Business Media
Page : 183 pages
File Size : 46,6 Mb
Release : 2013-06-29
Category : Business & Economics
ISBN : 9789401588140
The theory of practical rationality does not belong to one academic discipline alone. There are quite divergent philosophical, economical, sociological, psychological and politological contributions. Sometimes the disciplinary boundaries impede theoretical progress. On the other hand it is an indication for the high complexity of the subject that so many divergent paradigms compete with one another, or - what is worse - live separately in a kind of splendid isolation. Decision theory in the broader sense, embracing the theory of games and collective choice theory, can help to understand practical reason in philosophical analysis. But there are interesting aspects which cannot be dealt with adequately within a decision-theoretic conceptual framework. To have both of these convictions justifies to neglect dis ciplinary boundaries and poses a problem for the orthodoxies of either sides. All the essays of this volume focus on the relation between economic rationality and practical reason and discuss different aspects of the same problem, i. e. a basic deficiency in the standard economic theory of practical rationality. But philosophical analysis would not be of much help if it just rejected the economic paradigm. It must rather help to integrate economic aspects into a broader view on practical reason.
Author : Kenneth Joseph Arrow
Publisher : Palgrave MacMillan
Page : 405 pages
File Size : 44,8 Mb
Release : 1999
Category : Business & Economics
ISBN : 0312225660
This volume comprises fourteen essays, which identify four areas in which theoretical and empirical developments are discusses for the fuller understanding of personal (as opposed to collective) behavior with economic objectives: rational choice and associated problems of logic; rationality as explained by game theory; experiments to elucidate rational behavior; and alternatives of rationality in decision-making theory.
Author : Bo Gustafsson,Christian Knudsen,Uskali M
Publisher : Routledge
Page : 332 pages
File Size : 44,7 Mb
Release : 1993-06-17
Category : Business & Economics
ISBN : 9781134873289
Looks at ways to increase the scope and power of institutional economics. Different approaches to economic methodology are considered and the broader notions of rationality offered by institutional economics are discussed.
Author : Maurice Godelier
Publisher : Verso Books
Page : 369 pages
File Size : 41,6 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.
Author : Uskali Mäki
Publisher : Cambridge University Press
Page : 420 pages
File Size : 44,6 Mb
Release : 2001-07-23
Category : Business & Economics
ISBN : 0521000203
The beliefs of economists are not solely determined by empirical evidence in direct relation to the theories and models they hold. Economists hold 'ontological presuppositions', fundamental ideas about the nature of being which direct their thinking about economic behaviour. In this volume, leading philosophers and economists examine these hidden presuppositions, searching for a 'world view' of economics. What properties are attributed to human individuals in economic theories, and which are excluded? Does economic man exist? Do markets have an essence? Do macroeconomic aggregates exist? Is the economy a mechanism, the functioning of which is governed by a limited set of distinct causes? What are the methodological implications of different ontological starting points? This collection, which establishes economic ontology as a coordinated field of study, will be of great value to economists and philosophers of social sciences. -- Back cover.
Author : Richard M. Coughlin
Publisher : Routledge
Page : 424 pages
File Size : 40,9 Mb
Release : 2016-09-16
Category : Business & Economics
ISBN : 9781315488608
The papers in this collection were selected from nearly 200 that were presented at the 50 sessions of the second annual International Conference on Socio-Economics held at The George Washington University in Washington, D.C. March 1990. They reflect the great interest that socio-economics has inspired in the few years since the Society for the Advancement of Socio-Economics was founded in 1989. The papers represent the stimulating dialogue among psychologists, sociologists, political scientists, philosophers, economists, and students of finance and business administration. The authors are communicating across the frontiers of established disciplines to address enduring questions on economic theory and policy, and they aim to liberate the study of economics from the straitjacket of the neoclassical approach.
Author : Tobias F. Rötheli
Publisher : Edward Elgar Publishing
Page : 308 pages
File Size : 48,9 Mb
Release : 2007
Category : Business & Economics
ISBN : STANFORD:36105123397346
'To a significant extent, the book is at the cutting edge of much economic thinking in microeconomics. . . it brings together nicely material on uncertainty, expectations and cognitive limitations and relates this to recent work in experimental economics.' - Geoffrey M. Hodgson, University of Hertfordshire, UK 'For more than 200 years, economists have debated the microfoundations of their science. There is only one way forward and that is to carefully examine the nature and the rationality of decision processes. Professor Rötheli's book is unique. He offers an idiosyncratic blend of theoretical analysis and experimental research that enlightens and provokes.' - Werner F.M. De Bondt, DePaul University, US This book offers a broad perspective on the economics of expectations. Experimental studies are used to analyse how human bounded rationality affects economic performance. The challenges posed for policy making are also addressed. Tobias Rötheli begins by presenting the basic tools and theoretical models necessary to our understanding of rational and boundedly rational expectations and their role in economic life. Key topics discussed include expectations in general equilibrium theory, probabilities and expected utility, heterogeneity of economic agents, behavioural alternatives to forecasting and the effects of expectations heuristics, particularly in financial markets. The author then goes on to explore the fascinating insights behavioural economics - the empirical analysis of economic decision making - has to offer. Here experimental studies illustrate the effects of costly information, the role of pattern recognition as basis of expectations, anticipation and coordination failures, and the role of expectations in determining the general price level. The book also addresses the implications of the experimental findings for applied economics. Aiming to achieve the accessibility of a textbook, this research monograph will appeal to economic researchers interested in economic behaviour and theory, as well as students taking upper-level undergraduate and graduate courses. It will also be of interest to economists working in business and government.
Author : Ariel Rubinstein
Publisher : Open Book Publishers
Page : 266 pages
File Size : 55,6 Mb
Release : 2012
Category : Biography & Autobiography
ISBN : 9781906924775
"I had the good fortune to grow up in a wonderful area of Jerusalem, surrounded by a diverse range of people: Rabbi Meizel, the communist Sala Marcel, my widowed Aunt Hannah, and the intellectual Yaacovson. As far as I'm concerned, the opinion of such people is just as authoritative for making social and economic decisions as the opinion of an expert using a model." Part memoir, part crash-course in economic theory, this deeply engaging book by one of the world's foremost economists looks at economic ideas through a personal lens. Together with an introduction to some of the central concepts in modern economic thought, Ariel Rubinstein offers some powerful and entertaining reflections on his childhood, family and career. In doing so, he challenges many of the central tenets of game theory, and sheds light on the role economics can play in society at large. Economic Fables is as thought-provoking for seasoned economists as it is enlightening for newcomers to the field.
Author : Adam Smith
Publisher : Unknown
Page : 522 pages
File Size : 47,8 Mb
Release : 1822
Category : Economics
ISBN : UCAL:$B87540