Predictably Rational? In Search of Defenses for Rational Behavior in Economics /

• Main Author: McKenzie, Richard B. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic
• Language: English
• Published: Berlin, Heidelberg : Springer Berlin Heidelberg, 2010.
• Subjects: Economics.; Economics > Methodology.; Economics/Management Science.; Economics general.; Methodology and the History of Economic Thought.
• Online Access: https://ezaccess.library.uitm.edu.my/login?url=http://dx.doi.org/10.1007/978-3-642-01586-1

Mainstream economists everywhere exhibit an "irrational passion for dispassionate rationality." Behavioral economists, and long-time critic of mainstream economics suggests that people in mainstrean economic models "can think like Albert Einstein, store as much memory as IBMs Big Blu...

Table of Contents:

• Economists "Irrational Passion for Dispassionate Rationality"
• The Methodological Constraints on the Rationality Premise
• Human Motivation and Adam Smiths Two Invisible Hands
• Rationality in Economic Thought: From Thomas Robert Malthus to Alfred Marshal and Philip Wicksteed
• Rationality in Economic Thought: Frank Knight, Ludwig von Mises, Friedrich Hayek, and James Buchannan
• Behavioral Economists and Psychologists Challenges to Rational Behavior
• The Evolutionary Biology of Rational Behavior
• The Neuroeconomics of Rational Decision-Making
• Economic Defenses for Rational Behavior in Economics
• Problems with Behavioral Economics
• Rationality in Economic Education
• Summing Up.