Search Results for choice

... Rational choice and morality: economics and classical philosophy DUv id Le v y I. Introduction Although a study of pre-Smithian economics is often regarded as deco- rative at best, it illuminates very well the metatheoretical framework of modern economic theory, i.e...

... choice, with a reply by Stigler Gary M.Anderson I. Introduction The paradox [of the Wealth of Nations] is simply this. If self-interest dominates the majority of men in all commercial undertakings, why not also in all their political undertakings? Why...

... CHOICE: A REPLY TO ANDERSON George J. Stigler In my essay on Adam Smith’s treatment of political questions (Stigler 1982) I argued that he did not consistently apply economic logic (rational behavior) to the political scene. The Wealth of Nations has many recogni...

...John Staddon Choice behavior is studied differently in humans and in animals, and different theories have arisen to explain the results. I suggest that an approach derived from animal studies is also appropriate for human choice. Daniel Kahneman and Amos Tversky's prospect theory , a popular two...

... of mechanical or biological systems to the abstract theory of choice and rationality, and demonstrates how the group was related to—and communicated with—the scholars doing work in social choice, mechanism design, and formal political theory. It also speculates on one missed research opportunity of doing...

...Ivan Moscati Risk, Choice, and Uncertainty: Three Centuries of Economic Decision-Making . By Szpiro George . New York : Columbia University Press , 2020 . xii; 250 pp. $32.00 . Copyright 2021 by Duke University Press 2021 Book Reviews 367 Risk, Choice, and Uncertainty: Three...

...Marco Dardi This article argues that Marshall's theory of market choice was originally elaborated within the classic framework of the use value/exchangeable value dichotomy, with reference to a version of utilitarianism that did not assume measurable utility. The key concepts were those of marginal...

...Alexandra Quack; Catherine Herfeld Abstract One striking observation in the history of rational choice models is that those models have not only been used in economics but been spread widely across the social and behavioral sciences. How do such model transfers proceed? By closely studying...

...Alain Marciano [email protected] The Marketizers: Public Choice and the Origins of the Neoliberal Order . By Jacob Jensen . London : Goldsmiths Press , 2023 . 224 pp. £32.00 . Copyright 2024 by Duke University Press 2024 The title of the book leaves little...

...Steven G. Medema Public choice is one of the few examples of a “creative community” emerging from within the professional academic structures of economics in the postwar period. This article examines the early development of the public choice movement at the University of Virginia and how...

...Catherine Herfeld This article traces a normative turn between the middle of the 1940s and the early 1950s reflected in the reformulation, interpretation, and use of rational choice theories at the Cowles Commission for Research in Economics. This turn is paralleled by a transition from Jacob...

...Steven G. Medema Correspondence may be addressed to Steven G. Medema, Department of Economics,Campus Box 181, University of Colorado at Denver, P. O. Box 173364, Denver, CO 80217-3364. Duke University Press 2000 Arrow, Kenneth J. 1951 . Social Choice and Individual Values . New...

... here for the modern experience of economics as well. Philip Mirowski, University of Notre Dame Rationalizing Capitalist Democracy: The Cold War Origins of Rational Choice Liberalism. By S. M. Amadae. Chicago: University of Chicago Press, 2003. xii; 401...

... . The Cameralists: A Public Choice Perspective. Public Choice 53 : 3 -20. Becker, Gary. 1983 . A Theory of Competition among Pressure Groups for Political Influence. Quarterly Journal of Economics 98 : 371 -400. Benham, Fredric. 1934 . Review of Principii di economia finanziaria, by Antonio de Viti...

... Smith and Modern Economics: From Market Behaviour to Public Choice. By Edwin G. West. Brookfield, Ver.: Edward Elgar, 1990. vii, 212 pp. $47.95. Although not likely to suit everyone’s appetite, this very readable volume is a hermeneutic feast. An exercise in selective celebration...

...] 1971 . An Enquiry into the Origin of Honour and the Usefulness of Christianity in War . London. Moore , J. 1976 . Hume's Theory of Justice and Prosperity. Political Studies 24 : 103 -19. Moss , Laurence S. 1976 . Some Public Choice Aspects of Hobbes' Political Thought. HOPE 8...

.... 1985 . Animal Choices over Uncertain Outcomes: Some Initial Experimental Results. American Economic Review 75 . 4 ( September ): 597 -613. Blaug , Mark , ed. 1992 . Vilfredo Pareto (1848–1923) . Brookfield, Vt.: Edward Elgar. Caldwell , Bruce . 1982 . Beyond Positivism: Economic...

... . Turin: UTET. Baccini, A. 1995 . Edgeworth sui fondamenti della probabilità e delle decisioni in condizioni di incertezza. Ph.D. diss. , University of Florence. ____. 1997 . Edgeworth on the Fundamentals of Choice under Uncertainty. History of Economic Ideas 2 : 7 -31. ____. 2001...

...Luigino Bruni; Francesco Guala Vilfredo Pareto and the Epistemological Foundations of Choice Theory Luigino Bruni and Francesco Guala Of all Pareto’s contributions there is probably none that exceeds in importance his demonstration of the immeasurability...

...., and the theory of optimal input choice Christopher Ross Bell I. Introduction On the fourth of July 1828 the first rail of America’s first railroad was laid; eleven years later, Charles Ellet, Jr. (1810-1862), a distinguished Philadelphia engineer, began a series...