The Economics of Rationality
Book Details
Format
Paperback / Softback
ISBN-10
1138865753
ISBN-13
9781138865754
Publisher
Taylor & Francis Ltd
Imprint
Routledge
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Apr 27th, 2015
Print length
224 Pages
Weight
272 grams
Product Classification:
Economic theory & philosophyPolitical economy
Ksh 8,800.00
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Containing a number of critical perspectives on the treatment of rationality in economics, this offers insights from diverse areas of economics which casts doubt on the feasibility of a single notion of rationality within this field of study
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.
The Economics of Rationality contains a number of critical perspectives on the treatment of rationality in economics.
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