Economic Rationality And Practical Reason

Author : Julian Nida-Rümelin
Publisher : Springer Science & Business Media
ISBN 13 : 9401588147
Total Pages : 183 pages
Book Rating : 4.40/5 ( download)

DOWNLOAD NOW!

Download or read book Economic Rationality and Practical Reason written by Julian Nida-Rümelin and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: The theory of practical rationality does not belong to one academic discipline alone. There are quite divergent philosophical, economical, sociological, psychological and politological contributions. Sometimes the disciplinary boundaries impede theoretical progress. On the other hand it is an indication for the high complexity of the subject that so many divergent paradigms compete with one another, or - what is worse - live separately in a kind of splendid isolation. Decision theory in the broader sense, embracing the theory of games and collective choice theory, can help to understand practical reason in philosophical analysis. But there are interesting aspects which cannot be dealt with adequately within a decision-theoretic conceptual framework. To have both of these convictions justifies to neglect dis ciplinary boundaries and poses a problem for the orthodoxies of either sides. All the essays of this volume focus on the relation between economic rationality and practical reason and discuss different aspects of the same problem, i. e. a basic deficiency in the standard economic theory of practical rationality. But philosophical analysis would not be of much help if it just rejected the economic paradigm. It must rather help to integrate economic aspects into a broader view on practical reason.

Author : Jakob Bek-Thomsen
Publisher : Springer
ISBN 13 : 3319528157
Total Pages : 140 pages
Book Rating : 4.51/5 ( download)

DOWNLOAD NOW!

Download or read book History of Economic Rationalities written by Jakob Bek-Thomsen and published by Springer. This book was released on 2017-03-21 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concentrates upon how economic rationalities have been embedded into particular historical practices, cultures, and moral systems. Through multiple case-studies, situated in different historical contexts of the modern West, the book shows that the development of economic rationalities takes place in the meeting with other regimes of thought, values, and moral discourses. The book offers new and refreshing insights, ranging from the development of early economic thinking to economic aspects and concepts in the works of classical thinkers such as Thomas Hobbes, John Locke and Karl Marx, to the role of economic reasoning in contemporary policies of art and health care. With economic rationalities as the read thread, the reader is offered a unique chance of historical self-awareness and recollection of how economic rationality became the powerful ideological and moral force that it is today.

Author : Fabienne Peter
Publisher : OUP Oxford
ISBN 13 : 0191558303
Total Pages : 400 pages
Book Rating : 4.06/5 ( download)

DOWNLOAD NOW!

Download or read book Rationality and Commitment written by Fabienne Peter and published by OUP Oxford. This book was released on 2007-12-13 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Ricardo F. Crespo
Publisher : Springer Science & Business Media
ISBN 13 : 9400755635
Total Pages : 115 pages
Book Rating : 4.35/5 ( download)

DOWNLOAD NOW!

Download or read book Theoretical and Practical Reason in Economics written by Ricardo F. Crespo and published by Springer Science & Business Media. This book was released on 2013 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues for the restoration of theoretical and practical reason to economics, presenting the ideas of Nancy Cartwright and Amartya Sen, and showing they can foster a useful understanding of practical reason for solving problems in science and society.

Author : Ricardo F. Crespo
Publisher : Springer Science & Business Media
ISBN 13 : 3319026488
Total Pages : 156 pages
Book Rating : 4.80/5 ( download)

DOWNLOAD NOW!

Download or read book Philosophy of the Economy written by Ricardo F. Crespo and published by Springer Science & Business Media. This book was released on 2013-11-27 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a philosophical analysis of economic reality and economic science from an Aristotelian point of view. It is the result of many years of thinking and philosophical study about these topics. It differs from other philosophy of economics books as it also deals with economic reality (not only the science) and approaches its subject from an Aristotelian perspective. It differs from other Aristotelian studies about economics as it covers the whole of philosophy of the economy. This book argues why Aristotle’s thinking guarantees an appropriate interdisciplinary synthesis.

Author : Alfred R. Mele
Publisher : Oxford University Press
ISBN 13 : 0198033249
Total Pages : 496 pages
Book Rating : 4.40/5 ( download)

DOWNLOAD NOW!

Download or read book The Oxford Handbook of Rationality written by Alfred R. Mele and published by Oxford University Press. This book was released on 2004-01-08 with total page 496 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rationality has long been a central topic in philosophy, crossing standard divisions and categories. It continues to attract much attention in published research and teaching by philosophers as well as scholars in other disciplines, including economics, psychology, and law. The Oxford Handbook of Rationality is an indispensable reference to the current state of play in this vital and interdisciplinary area of study. Twenty-two newly commissioned chapters by a roster of distinguished philosophers provide an overview of the prominent views on rationality, with each author also developing a unique and distinctive argument.

Author : Julian Nida-Rümelin
Publisher : Springer
ISBN 13 : 3319955071
Total Pages : 134 pages
Book Rating : 4.70/5 ( download)

DOWNLOAD NOW!

Download or read book Structural Rationality and Other Essays on Practical Reason written by Julian Nida-Rümelin and published by Springer. This book was released on 2019-05-24 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, the author shows that it is necessary to enrich the conceptual frame of the theory of rational choice beyond consequentialism. He argues that consequentialism as a general theory of rational action fails and that this does not force us into the dichotomy teleology vs deontology. The unity of practical reason can be saved without consequentialism. In the process, he presents insightful criticism of standard models of action and rational choice. This will help readers discover a new perspective on the theory of rationality. The approach is radical: It transcends the reductive narrowness of instrumental rationality without denying its practical impact. Actions do exist that are outlined in accordance to utility maximizing or even self-interest maximizing. Yet, not all actions are to be understood in these terms. Actions oriented around social roles, for example, cannot count as irrational only because there is no known underlying maximizing heuristic. The concept of bounded rationality tries to embed instrumental rationality into a form of life to highlight limits of our cognitive capabilities and selective perceptions. However, the agent is still left within the realm of cost-benefit-reasoning. The idea of social preferences or meta-preferences cannot encompass the plurality of human actions. According to the author they ignore the plurality of reasons that drive agency. Hence, they coerce agency in fitting into a theory that undermines humanity. His theory of structural rationality acknowledges lifeworld patterns of interaction and meaning.

Author : Mark Young
Publisher : Praeger
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.69/5 ( download)

DOWNLOAD NOW!

Download or read book Rational Games written by Mark Young and published by Praeger. This book was released on 2001-08-30 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Of the Argument -- Negotiation Dilemmas -- Received Philosophical Assumptions -- Considered Economic Rationality (CER) -- Application to Business Negotiations -- What Is Economic Rationality? -- Objective versus Subjective Rationality -- Why Be Rational? -- Theoretical versus Practical Reason -- Monological versus Social Reason -- Economic Rationality and Its Assumptions -- Summary: Connection to Decision and Game Theory -- The Problem: Opportunity Lost -- Some Practical Dilemmas -- Theoretical Foundations: A Primer on Game Theory -- "Intuitive Correction": Will "Irrationality" Solve the Problem? -- The Roots of the Problem -- Philosophical Foundations -- Applications to Decision and Game Theory -- Conclusion: The "Dead End" of Prescriptive Economic Rationality -- Gauthier's Proposal: A Strategic Bargaining Solution -- Gauthier's Bargaining Solution -- Omissions and Problems -- Limits of This Approach: Can Strategic Rationality Be Corrected? -- Elements of Considered Economic Rationality -- Requirements of a New Theory -- Considered Economic Rationality: A Brief Sketch -- Four Elements of Considered Economic Rationality -- Summary and a Way Forward -- Negotiating on the Basis of Considered Economic Rationality -- Can We Draw Practical Lessons from Philosophy? -- Elements of a CER-Based Negotiation Strategy -- How Has Considered Economic Rationality Been Applied? -- Case Studies: The Privatization of Electricity Distribution -- Privatization of the U.K. Electricity Distribution Industry.

Author : J. Gay Tulip Meeks
Publisher : Cambridge University Press
ISBN 13 : 9780521325745
Total Pages : 190 pages
Book Rating : 4.49/5 ( download)

DOWNLOAD NOW!

Download or read book Thoughtful Economic Man written by J. Gay Tulip Meeks and published by Cambridge University Press. This book was released on 1991-08-15 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: An authoritative examination of the implications of conventional conceptions of rational economic man for all economic study as well as the role of rationality and morals in economics.

Author : Ricardo F. Crespo
Publisher : Taylor & Francis
ISBN 13 : 1317245644
Total Pages : 172 pages
Book Rating : 4.43/5 ( download)

DOWNLOAD NOW!

Download or read book Economics and Other Disciplines written by Ricardo F. Crespo and published by Taylor & Francis. This book was released on 2017-05-18 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the second half of the twentieth century, economics exported its logic – utility maximization – to the analysis of several human activities or realities: a tendency that has been called “economic imperialism”. This book explores the concept termed by John Davis as “reverse imperialism”, whereby economics has been seen in recent years to have taken in elements from other disciplines. Economics and Other Disciplines sheds light on the current state and possible future development of economics by focusing on it from a philosophical perspective, broadening the concept of rationality in economic theory. The beliefs that prevail in the world today make up a physicalist worldview. This book argues that this pervasive view is harmful for economics as a social science. Do new economic currents like behavioral economics, evolutionary economics, neuroeconomics, institutional economics, happiness economics, the capability approach and civil economy, escape this widespread mentality? What would be an adequate underlying economic ethos? Do these approaches fit into this ethos? Ricardo F. Crespo appraises the contributions from a classical philosophy angle, emphasizing their implications regarding practical reason. This volume is of great importance to those who are interested in political economy, economic theory and philosophy, as well as philosophy of social science.