The Varieties of Economic Rationality: From Adam Smith to Contemporary Behavioural and Evolutionary Economics: 160 (Routledge Studies in the History of Economics) - Hardcover
Book 117 of 232: Routledge Studies in the History of Economics
Synopsis
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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About the Author
Michel S. Zouboulakis is Professor of History & Methodology of Economics at the University of Thessaly, Greece.
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The Varieties of Economic Rationality: From Adam Smith to Contemporary Behavioural and Evolutionary Economics (Routledge Studies in the History of Economics)
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Routledge, 2014
ISBN 10: 0415530849
ISBN 13: 9780415530842
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Hardcover. Condition: Near Fine. 1st Edition. Hardcover, xx + 166 pages, NOT ex-library. Book is fresh, clean and bright with unmarked text, free of inscriptions and stamps, firmly bound. Gentle external handling wear. Issued without a dust jacket. -- This study challenges the notion of a single, universal standard of rationality within economic thought. It charts a course from the classical model of Adam Smith's rational agent to the more complex understandings offered by contemporary behavioural and evolutionary economics. The author deconstructs the traditional homo economicus model, analyzing alternative frameworks proposed by key thinkers such as Herbert Simon and Friedrich Hayek. The work argues that understanding these 'varieties' - from bounded and procedural to ecological rationality - is essential for grasping the foundations and future direction of modern economic theory. Seller Inventory # 011837
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