2010•Choice Reviews OnlineRequires access

Predictably rational?: in search of defenses for rational behavior in economics

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Abstract

Economists' Irrational Passion for Dispassionate Rationality.- The Methodological Constraints on the Rationality Premise.- Human Motivation and Adam Smith's Invisible Hands.- Rationality in Economic Thought: From Thomas Robert Malthus to Alfred Marshall and Philip Wicksteed.- Rationality in Economic Thought: Frank Knight, Ludwig von Mises, Friedrich Hayek, and James Buchanan.- 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 and Economic Education.

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Key concepts: Economics, Positive economics, Neoclassical economics