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The Varieties of Economic Rationality
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The Varieties of Economic Rationality : From Adam Smith to Contemporary Behavioural and Evolutionary Economics

Book Details

Format Hardback or Cased Book
ISBN-10 0415530849
ISBN-13 9780415530842
Publisher Taylor & Francis Ltd
Imprint Routledge
Country of Manufacture GB
Country of Publication GB
Publication Date Jan 20th, 2014
Print length 192 Pages
Weight 338 grams
Dimensions 22.30 x 14.70 x 1.60 cms
Product Classification: Economics
Ksh 7,550.00
Werezi Extended Catalogue 0 in stock

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This book traces the historical evolution of the concept of economic rationality from Adam Smith to the present, revealing how this concept has in fact changed over time. In doing so, it presents a uniquely detailed study of the historical change of the many faces of the homo oeconomicus.

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 .


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