Rationality And Explanation In Economics
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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 economi
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Standard economics theory is built on the assumption that human beings act rationally in their own self interest. But if rationality is such a reliable factor,
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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
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Pages: 364
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The principal findings of experimental economics are that impersonal exchange in markets converges in repeated interaction to the equilibrium states implied by