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The Economics of Rationality

Download or Read eBook The Economics of Rationality PDF written by Bill J Gerrard and published by Routledge. This book was released on 2006-04-10 with total page 206 pages. Available in PDF, EPUB and Kindle.
The Economics of Rationality
Author :
Publisher : Routledge
Total Pages : 206
Release :
ISBN-10 : 9781134915286
ISBN-13 : 1134915284
Rating : 4/5 (86 Downloads)

Book Synopsis The Economics of Rationality by : Bill J Gerrard

Book excerpt: 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.


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