Mario J. Rizzo
Abstract
In the discussion of conduct we cannot separate description from teleological interpretation – the “what ” from the “why ” in this sense – what is done from what is achieved or expected to be achieved. Frank H. Knight [1944: 307]
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In the discussion of conduct we cannot separate description from teleological interpretation – the “what ” from the “why ” in this sense – what is done from what is achieved or expected to be achieved. Frank H. Knight [1944: 307]
Key concepts: Behavioral economics, Economics, Normative, Heterodox economics, Applied economics, Rationality, Positive economics, Mainstream economics