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Economics, Rational Choice and Normative Philosophy

Economics, Rational Choice and Normative Philosophy
Author: Thomas Boylan
Publisher: Routledge
Total Pages: 209
Release: 2008-10-27
Genre: Business & Economics
ISBN: 1134077254

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Leading international experts in the field of normative social choice theory, complemented by experts in economic methodology and political science discuss the major developments arising from collaboration between experts in these cognate disciplines.


The Positive and the Normative in Economic Thought

The Positive and the Normative in Economic Thought
Author: Sina Badiei
Publisher: Routledge
Total Pages: 279
Release: 2022-06-15
Genre: Business & Economics
ISBN: 1000604071

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The book responds to the need for greater clarity regarding the relationship between descriptive, evaluative and prescriptive approaches within positive and normative economics. It also analyses the entanglement between evaluative and prescriptive perspectives within several theoretical frameworks in normative economics such as social choice theory, the capability approach, behavioural welfare economics and various theories of justice. It provides a forum for discussion between various schools of economic thought and several theoretical frameworks on the relationship between the study of facts, norms and values, with particular emphasis on classical political economy, the Marxian school of economics, the Frankfurt School, the Austrian school, the Chicago school, rational choice theory, expected utility theory, behavioural economics, experimental economics, development economics, welfare economics, public economics, constitutional political economy, the capability approach and politico-economic theories of justice. Given the scope of questions treated in this book, it will be of interest to economists, historians of economic thought, political philosophers and philosophers of science, especially those interested in the philosophy and epistemology of economics.


Philosophy of Economics

Philosophy of Economics
Author: Uskali Mäki
Publisher: Elsevier
Total Pages: 929
Release: 2012-06-12
Genre: Business & Economics
ISBN: 044451676X

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Part of the Handbook of the Philosophy of Science Series edited by: Dov M. Gabbay King's College, London, UK; Paul Thagard University of Waterloo, Canada; and John Woods University of British Columbia, Canada. Philosophy of Economics investigates the foundational concepts and methods of economics, the social science that analyzes the production, distribution and consumption of goods and services. This groundbreaking collection, the most thorough treatment of the philosophy of economics ever published, brings together philosophers, scientists and historians to map out the central topics in the field. The articles are divided into two groups. Chapters in the first group deal with various philosophical issues characteristic of economics in general, including realism and Lakatos, explanation and testing, modeling and mathematics, political ideology and feminist epistemology. Chapters in the second group discuss particular methods, theories and branches of economics, including forecasting and measurement, econometrics and experimentation, rational choice and agency issues, game theory and social choice, behavioral economics and public choice, geographical economics and evolutionary economics, and finally the economics of scientific knowledge. This volume serves as a detailed introduction for those new to the field as well as a rich source of new insights and potential research agendas for those already engaged with the philosophy of economics. Provides a bridge between philosophy and current scientific findings Encourages multi-disciplinary dialogue Covers theory and applications


Rationality and Commitment

Rationality and Commitment
Author: Fabienne Peter
Publisher: OUP Oxford
Total Pages: 400
Release: 2007-12-13
Genre: Philosophy
ISBN: 0191558303

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Rational choice theory forms the core of the economic approach to human behaviour. It is also the most influential philosophical account of practical rationality. Yet there are persistent controversies about the scope of rational choice theory in philosophy and, increasingly, in economics as well. A leading critic is the philosopher and Nobel Laureate economist Amartya Sen, who put forward a trenchant critique of rational choice theory in his seminal paper 'Rational Fools'. Sen emphasizes the importance of commitment - those aspects of human behavior which dispose individuals to co-operate, follow norms, and identify with others. He argues that rational choice theory cannot accommodate commitment, and demands a more adequate account of rationality. The question of how to account for the rationality of commitment is very much an open issue and, if anything, even more pressing today than when Sen first raised it. In Rationality and Commitment, thirteen leading philosophers and economists discuss Sen's claims and propose their own answers to the question of how to account for the rationality of committed action. The volume concludes with a specially-written reply by Sen, in which he responds to his critics and provides a rich commentary on the preceding essays.


A Short Course in Intermediate Microeconomics with Calculus

A Short Course in Intermediate Microeconomics with Calculus
Author: Roberto Serrano
Publisher: Cambridge University Press
Total Pages: 397
Release: 2012-11-30
Genre: Business & Economics
ISBN: 1107017343

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This is a textbook for an intermediate level course in microeconomics that uses calculus throughout. Most of the competition either uses no calculus or relegates the math to footnotes and appendices. The text also focuses on theory rather than empirical data. To motivate the analysis, the authors include references to real events and firms, with no distracting separate boxes.


Rational Choice Theory and Organizational Theory

Rational Choice Theory and Organizational Theory
Author: Mary Zey
Publisher: SAGE
Total Pages: 156
Release: 1998
Genre: Business & Economics
ISBN: 9780803951365

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Rational Choice Theory and Organizational Theory is written in response to the neo-classical economic rational choice theories and organizational economic theories which have emerged in the past decade and gained center stage in current organizational analysis.


Science, Rationality, and Neoclassical Economics

Science, Rationality, and Neoclassical Economics
Author: L. D. Keita
Publisher: University of Delaware Press
Total Pages: 204
Release: 1992
Genre: Business & Economics
ISBN: 9780874134100

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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.


Economic Principles of Law

Economic Principles of Law
Author: Cento G. Veljanovski
Publisher: Cambridge University Press
Total Pages: 7
Release: 2007-05-31
Genre: Business & Economics
ISBN: 1139464892

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Economic Principles of Law, first published in 2007, applies economics to the doctrines, rules and remedies of the common law. In plain English and using non-technical analysis, it offers an introduction and exposition of the 'economic approach' to law - one of the most exciting and vibrant fields of legal scholarship and applied economics. Beginning with a brief history of the field, it sets out the basic economic concepts useful to lawyers, and applies these to assess the core areas of the common law - property, contract, tort and crime - with particular emphasis on their doctrinal structure and remedies. This is done using leading cases drawn from the birthplace of the common law (England & Wales) and other common law jurisdictions. The book serves as a primer to the wider use of economics which has become increasingly important for law students, lawyers, legislators, regulators and those concerned with our legal system generally.


Rationality in Economics: Alternative Perspectives

Rationality in Economics: Alternative Perspectives
Author: Ken Dennis
Publisher: Springer Science & Business Media
Total Pages: 153
Release: 2012-12-06
Genre: Business & Economics
ISBN: 9401148627

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Ideas linked to rational choice theory started to appear frequently in the economics literature in the 1960s and 1970s, but the attention given to rationality widened to include commentators presenting far-reaching appraisals and critiques. The literature grew to a steady flow and spanned diverse areas of thought including socialist and `rational-choice Marxist' assessments, and other approaches including institutional, sociological, psychological, ethical, choice-theoretical, strategic, and game-theoretical treatments of rationality. This diversity of literature led to the creation of this volume. What does rationality mean? Was there some common core of meaning that held all of these seemingly disparate developments together, or were there discernable schools of thought with peculiarities that set them clearly apart from one another? The essays in this volume illustrate that diversity, and despite the variety of approaches there remains a common core of meaning that accommodates not so much a radically different set of concepts of rationality as a highly variegated array of methods and approaches to this subject. Contributors address topics of their choice on the concept of rationality in economics, and the selection of these contributors is meant to represent a variety of backgrounds and approaches.


Choice, Preferences, and Procedures

Choice, Preferences, and Procedures
Author: Kotaro Suzumura
Publisher: Harvard University Press
Total Pages: 816
Release: 2016-06-06
Genre: Business & Economics
ISBN: 0674727444

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Social choice theory critically assesses and rationally designs economic mechanisms for improving human well-being. Kotaro Suzumura—one of the world’s foremost thinkers in social choice theory and welfare economics—fuses abstract ideas with real-world economies to examine foundational issues of normative economics and collective decision making.