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Economic Rationality And Practical Reason
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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.
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, USA. This book was released on 2007-12-13 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: List of Figures, Schemata, and Tables p. vii List of Contributors p. ix Acknowledgments p. xii Introduction p. 1 Rational Fools, Rational Commitments Fabienne Peter and Hans Bernhard Schmid p. 3 Part I Committed Action p. 15 1 Why Exactly is Commitment Important for Rationality? Amartya Sen p. 17 2 Construing Sen on Commitment Philip Pettit p. 28 3 Sympathy, Commitment, and Preference Daniel M. Hausman p. 49 Part II Rethinking Rationality p. 71 4 Instrumental Rationality versus Practical Reason: Desires, Ends, and Commitment Herlinde Pauer-Studer p. 73 5 The Grammar of Rationality Geoffrey Brennan p. 105 6 The Rationality of Rational Fools: The Role of Commitments, Persons, and Agents in Rational Choice Modelling Werner Guth and Hartmut Kliemt p. 124 7 Rational Self-Commitment Bruno Verbeek p. 150 8 Rationality and Commitment in Voluntary Cooperation: Insights from Experimental Economics Simon Gachter and Christian Thoni p. 175 Part III Commitment, Intentions, and Identity p. 209 9 Beyond Self-Goal Choice: Amartya Sen's Analysis of the Structure of Commitment and the Role of Shared Desires Hans Bernhard Schmid p. 211 10 Cooperation and the We-Perspective Raimo Tuomela p. 227 11 Collective Intentions, Commitment, and Collective Action Problems Margaret Gilbert p. 258 12 Theories of Team Agency Natalie Gold and Robert Sugden p. 280 13 Identity and Commitment: Sen's Fourth Aspects of the Self John B. Davis p. 313 Comment p. 337 Rational Choice: Discipline, Brand Name, and Substance Amartya Sen p. 339 Index.
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 2012-09-25 with total page 115 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of the book is to argue for the restoration of theoretical and practical reason to economics. It presents Nancy Cartwright and Amartya Sen’s ideas as cases of this restoration and sees Aristotle as an influence on their thought. It looks at how we can use these ideas to develop a valuable understanding of practical reason for solving concrete problems in science and society. Cartwright’s capacities are real causes of events. Sen’s capabilities are the human person’s freedoms or possibilities. They relate these concepts to Aristotelian concepts. This suggests that these concepts can be combined. Sen’s capabilities are Cartwright’s capacities in the human realm; capabilities are real causes of events in economic life. Institutions allow us to deliberate on and guide our decisions about capabilities, through the use of practical reason. Institutions thus embody practical reason and infuse certain predictability into economic action. The book presents a case study: the UNDP’s HDI.
Book Synopsis Reason and Rationality by : Maria Cristina Amoretti
Download or read book Reason and Rationality written by Maria Cristina Amoretti and published by Walter de Gruyter. This book was released on 2013-05-02 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reason and rationality represent crucial elements of the self-image of human beings and have unquestionably been among the most debated issues in Western philosophy, dating from ancient Greece, through the Middle Ages, and to the present day. Many words and thoughts have already been spent trying to define the nature and standards of reason and rationality, what they could or ought to be, and under what conditions something can be said to be rational. This volume focuses instead on the relationships of reason and rationality to some relevant specific topics, i.e., science, knowledge, gender, politics, ethics, religion, aesthetics, language, logic, and metaphysics, trying to uncover and clarify both the connections and differences in their various characterisations and uses.
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.
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.
Book Synopsis Integrative Economic Ethics by : Peter Ulrich
Download or read book Integrative Economic Ethics written by Peter Ulrich and published by Cambridge University Press. This book was released on 2010-09-09 with total page 500 pages. Available in PDF, EPUB and Kindle. Book excerpt: Integrative Economic Ethics is a highly original work that progresses through a series of rational and philosophical arguments to address foundational issues concerning the relationship between ethics and the market economy. Rather than accepting market competition as a driver of ethical behaviour, the author shows that modern economies need to develop ethical principles that guide market competition, thus moving business ethics into the realms of political theory and civic rationality. This book was in its fourth edition in the original German in 2008, this English translation of Peter Ulrich's development of a fresh integrative approach to economic ethics will be of interest to all scholars and advanced students of business ethics, economics, and social and political philosophy.
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 490 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.
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.
Book Synopsis Economics and the Virtues by : Jennifer A. Baker
Download or read book Economics and the Virtues written by Jennifer A. Baker and published by Oxford University Press. This book was released on 2016-01-07 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: While ethics has been an integral part of economics since the days of Adam Smith (if not Aristotle), many modern economists dismiss ethical concerns in favor of increasing formal mathematical and computational methods. But recent financial crises in the real world have reignited discussions of the importance of ethics to economics, including growing calls for a new approach to incorporating moral philosophy in economic theory, practice, and policy. Ironically, it is the ethics of virtue advocated by Aristotle and Adam Smith that may lead to the most promising way to developing an economics that emphasizes the virtues, character, and judgment of the agents it models. In Economics and the Virtues, editors Jennifer A. Baker and Mark D. White have brought together fifteen leading scholars in economics and philosophy to offer fresh perspectives on integrating virtue into economics. The first section covers five major thinkers and schools in the virtue tradition, tracing historical connections and suggesting new areas of cooperation. The second section applies the ethics of virtue to modern economic theory, delving into its current practices and methodology to suggest areas for integration with moral philosophy. Finally, the third section addresses specific topics such as markets, profits, and justice in the context of virtue and vice, offering valuable applications of virtue to economics. With insights that are novel as well as rooted in time-tested ethical thought, Economics and the Virtues will be of interest to economists, philosophers, and other scholars in the social sciences and humanities, as well as professionals and policymakers in the fields of economics and finance, and makes an invaluable contribution to the ongoing discussion over the role of ethics in economics.
Book Synopsis The Age of Post-Rationality by : Val Colic-Peisker
Download or read book The Age of Post-Rationality written by Val Colic-Peisker and published by Springer. This book was released on 2017-10-24 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book challenges the hegemonic view that economic calculation represents the ultimate rationality. The West legitimises its global dominance by the claim to be a rational, democratic, science-based and progressive civilisation. Yet, over the past decades, the dogma of economic rationality has become an ideological black hole whose gravitational pull allows no public debate or policy to escape. Political leaders of all creeds are held in its orbit and public language is saturated by it. This dogma has pervaded all spheres of life, ushering the age of post-rationality, especially in English speaking countries. The authors discuss several aspects of post-rational global capitalism still dominated by the Anglosphere: hyper-competition, hyper-consumption, inequality, volatile global financial markets, environmental degradation and the unforeseen effects of the internet-mediated communication revolution. The book concludes by discussing some utopian and dystopian future scenarios and asking whether the West can transcend its crisis of rationality.
Book Synopsis Economics and Other Disciplines by : Ricardo F. Crespo
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 185 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.
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.”
Book Synopsis Rationality, Rules, and Structure by : Julian Nida-Rümelin
Download or read book Rationality, Rules, and Structure written by Julian Nida-Rümelin and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is an obvious fact that human agency is constrained and structured by many kinds of rules: rules that are constitutive for communication, morality, persons, and society, and juridical rules. So the question is: what roles are played by social rules and the structural traits of human agency in rational decision making? What bearing does this have on the theory of practical rationality? These issues can only be discussed within an interdisciplinary setting, with researchers drawn from philosophy, decision theory and the economic and social sciences. The problem is of profound, fundamental concern to the social scientist and has attracted a great deal of intellectual effort. Contributors include distinguished researchers in their respective fields and the book thus presents state-of-the-art theory. It can also be used as a textbook in advanced philosophy, economics and social science classes.
Book Synopsis Conversations on Human Action and Practical Rationality by : Susana Cadilha
Download or read book Conversations on Human Action and Practical Rationality written by Susana Cadilha and published by Cambridge Scholars Publishing. This book was released on 2013-07-16 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together leading scholars in the study of practical rationality and human action – namely, Alfred Mele, Hugh McCann, Michael Bratman, George Ainslie, Daniel Hausman and Joshua Knobe. They were interviewed by the editors in a project based at the Institute of Philosophy of the University of Porto structured around the questions: 1) In your view, what are the most central (or important) problems in the philosophy of action? 2) For some or all of the following – action, agency, agent – what do they contrast with most significantly? 3) Which of these are liable to be rational/irrational? 4) In what sense is the thing to do to be decided by what is rational? Are there limits of rationality? 5) What explains action, and how? What is the role of deliberation in rationality? 6) How is akrasia possible (if you think it is)? 7) How do you think your own work has contributed to the field? What are your plans for future research? The outcome is of great interest, not only for philosophers, but also for economists, psychologists, political scientists and sociologists.
Book Synopsis Return to Reason by : Stephen Edelston Toulmin
Download or read book Return to Reason written by Stephen Edelston Toulmin and published by Harvard University Press. This book was released on 2009-06-30 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stephen Toulmin argues that the potential for reason to improve our lives has been hampered by a serious imbalance in our pursuit of knowledge. The centuries-old dominance of rationality has diminished the value of reasonableness. Toulmin issues a powerful call to redress the balance between rationality and reasonableness.
Book Synopsis The Nature and Method of Economic Sciences by : Ricardo F. Crespo
Download or read book The Nature and Method of Economic Sciences written by Ricardo F. Crespo and published by Routledge. This book was released on 2020-03-04 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nature and Method of Economic Sciences: Evidence, Causality, and Ends argues that economic phenomena can be examined from five analytical levels: a statistical descriptive approach, a causal explanatory approach, a teleological explicative approach, a normative approach and, finally, the level of application. The above viewpoints are undertaken by different but related economic sciences, including statistics and economic history, positive economics, normative economics, and the ‘art of political economy’. Typically, positive economics has analysed economic phenomena using the second approach, causally explaining and often trying to predict the future evolution of the economy. It has not been concerned with the ends selected by the individual or society, taking them as given. However, various new economic currents have emerged during the last 40 years, and some of these do assign a fundamental role to ends within economics. This book argues that the field of positive economics should adapt to deal with the issues that arise from this. The text attempts to discern the nature of economic phenomena, introducing the different approaches and corresponding economic sciences. It goes on to analyse the epistemological characteristics of these in the subsequent chapters, as well as their disciplinary interrelations. This book is a valuable resource for students and scholars of the social sciences, philosophy, and the philosophy of economics. It will also be of interest to those researching political economy and the development of economic thought.
