This book analyses the role of rationality in economics focusing on which conditions the rationality assumption makes valuable explanations possible and what kinds of explanation are then involved.Thus, had they been convinced by Friedmana#39;s injunction against a#39;misdirection of intellectual efforta#39;, modern biologists would have ... But, they were concerned by the lack of realism of these assumptions and thus the discovery of the genetic function of ... that would not be handicapped by the lack of realism of the behavioural implications of its fundamental assumption. ... does not imply that it should be subjected to the kind of direct a#39;test of assumptionsa#39; that Friedman is right to condemn.
|Title||:||Rationality and Explanation in Economics|
|Publisher||:||Routledge - 2010-02-28|