Economic Rationality and Practical Reason

Economic Rationality and Practical Reason

Author: Julian Nida-Rümelin

Publisher: Springer Science & Business Media

Published: 2013-06-29

Total Pages: 183

ISBN-13: 9401588147

DOWNLOAD EBOOK

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.


Book Synopsis Economic Rationality and Practical Reason by : Julian Nida-Rümelin

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.

History of Economic Rationalities

History of Economic Rationalities

Author: Jakob Bek-Thomsen

Publisher: Springer

Published: 2017-03-21

Total Pages: 140

ISBN-13: 3319528157

DOWNLOAD EBOOK

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.


Book Synopsis History of Economic Rationalities by : Jakob Bek-Thomsen

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.

Rationality and Commitment

Rationality and Commitment

Author: Fabienne Peter

Publisher: Oxford University Press

Published: 2007-12-13

Total Pages: 390

ISBN-13: 0199287260

DOWNLOAD EBOOK

Thirteen leading philosophers and economists discuss the Nobel Laureate Amartya Sen's trenchant critique of rational choice theory, 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.


Book Synopsis Rationality and Commitment by : Fabienne Peter

Download or read book Rationality and Commitment written by Fabienne Peter and published by Oxford University Press. This book was released on 2007-12-13 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Thirteen leading philosophers and economists discuss the Nobel Laureate Amartya Sen's trenchant critique of rational choice theory, 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.

Theoretical and Practical Reason in Economics

Theoretical and Practical Reason in Economics

Author: Ricardo F. Crespo

Publisher: Springer Science & Business Media

Published: 2013

Total Pages: 115

ISBN-13: 9400755635

DOWNLOAD EBOOK

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.


Book Synopsis Theoretical and Practical Reason in Economics by : Ricardo F. Crespo

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.

Philosophy of the Economy

Philosophy of the Economy

Author: Ricardo F. Crespo

Publisher: Springer Science & Business Media

Published: 2013-11-27

Total Pages: 156

ISBN-13: 3319026488

DOWNLOAD EBOOK

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.


Book Synopsis Philosophy of the Economy by : Ricardo F. Crespo

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.

The Oxford Handbook of Rationality

The Oxford Handbook of Rationality

Author: Alfred R. Mele

Publisher: Oxford University Press

Published: 2004-01-08

Total Pages: 496

ISBN-13: 0198033249

DOWNLOAD EBOOK

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.


Book Synopsis The Oxford Handbook of Rationality by : Alfred R. Mele

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.

Structural Rationality and Other Essays on Practical Reason

Structural Rationality and Other Essays on Practical Reason

Author: Julian Nida-Rümelin

Publisher: Springer

Published: 2019-05-24

Total Pages: 134

ISBN-13: 3319955071

DOWNLOAD EBOOK

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.


Book Synopsis Structural Rationality and Other Essays on Practical Reason by : Julian Nida-Rümelin

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.

Rational Games

Rational Games

Author: Mark Young

Publisher: Praeger

Published: 2001-08-30

Total Pages: 312

ISBN-13:

DOWNLOAD EBOOK

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.


Book Synopsis Rational Games by : Mark Young

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.

Critique of Economic Reason

Critique of Economic Reason

Author: Andre Gorz

Publisher: Verso Books

Published: 2011-01-10

Total Pages: 273

ISBN-13: 1844676676

DOWNLOAD EBOOK

André Gorz’s earlier books—from Ecology as Politics to Farewell to the Working Class and Paths to Paradise—have informed and inspired the most radical currents in Green movements in Europe and America over the last two decades. In Critique of Economic Reason, he offers his fullest account to date of the terminal crisis of a system where every activity and aspiration has been subjected to the rule of the market. By carefully delineating the existential and cultural limits of economic rationality, he emphasizes the urgent need to create a society which rejects the work ethic in favor of an emancipatory ethic of free time. At the heart of his alternative is an advocacy not of “full employment,” but of an equal distribution of the diminishing amount of necessary paid work. He presents a practical strategy for reducing the working week, and develops a radical version of a guaranteed wage for all. Above all, he argues that a utopian vision is now the only realistic proposal, and that “economic reason must be returned to its true—that is subordinate—place.”


Book Synopsis Critique of Economic Reason by : Andre Gorz

Download or read book Critique of Economic Reason written by Andre Gorz and published by Verso Books. This book was released on 2011-01-10 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: André Gorz’s earlier books—from Ecology as Politics to Farewell to the Working Class and Paths to Paradise—have informed and inspired the most radical currents in Green movements in Europe and America over the last two decades. In Critique of Economic Reason, he offers his fullest account to date of the terminal crisis of a system where every activity and aspiration has been subjected to the rule of the market. By carefully delineating the existential and cultural limits of economic rationality, he emphasizes the urgent need to create a society which rejects the work ethic in favor of an emancipatory ethic of free time. At the heart of his alternative is an advocacy not of “full employment,” but of an equal distribution of the diminishing amount of necessary paid work. He presents a practical strategy for reducing the working week, and develops a radical version of a guaranteed wage for all. Above all, he argues that a utopian vision is now the only realistic proposal, and that “economic reason must be returned to its true—that is subordinate—place.”

Thoughtful Economic Man

Thoughtful Economic Man

Author: J. Gay Tulip Meeks

Publisher: Cambridge University Press

Published: 1991-08-15

Total Pages: 190

ISBN-13: 9780521325745

DOWNLOAD EBOOK

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.


Book Synopsis Thoughtful Economic Man by : J. Gay Tulip Meeks

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.