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rational choice

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Journal Article
History of Political Economy (1982) 14 (1): 1–36.
Published: 01 March 1982
... 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...
Journal Article
History of Political Economy (2018) 50 (1): 1–48.
Published: 01 March 2018
...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...
Journal Article
History of Political Economy (2005) 37 (4): 763–765.
Published: 01 November 2005
... 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...
Journal Article
History of Political Economy (2010) 42 (Suppl_1): 105–130.
Published: 01 December 2010
... revolutions from two different traditions: the systems analysis perspective of the RAND Corporation and the rational choice analysis from the public choice school of Virginia. We situate their views with reference to explanations offered by other social scientists, especially modernization and relative...
Journal Article
History of Political Economy (2014) 46 (1): 85–116.
Published: 01 March 2014
... to recent debates about the methodological foundations of rational choice theory among experimental psychologists, behavioral economists, neuroeconomists, and others. The second purpose of this article is to use material from the Paul Samuelson archives to help us understand how Samuelson, the originator...
Journal Article
History of Political Economy (2016) 48 (suppl_1): 1–15.
Published: 01 December 2016
... and psychology, though recently there has been a steady rise in the numbers of both psychologists and economists interested in behavioral economics. From both disciplines have come behavioral challenges to the strong version of rational choice thinking. And, along with them, have come challenges...
Journal Article
History of Political Economy (2016) 48 (suppl_1): 16–43.
Published: 01 December 2016
... of utility. Contemporary critics of rational choice theory take this naturalized image of the economic agent as its bogeyman, ignoring the social infrastructure that brought this agent, thinking as a merchant, into existence. The idea that we calculate captures a sociohistorical reality, rather than...
Journal Article
History of Political Economy (2010) 42 (3): 443–467.
Published: 01 September 2010
... at the Cowles Commission. Nevertheless, he remains understudied by historians. This article uncovers the salient characteristics of his scientific vision in the forties and fifties, at the apex of his influence on the profession: his definition of economics as the science of rational choice; his emphasis...
Journal Article
History of Political Economy (2016) 48 (suppl_1): 198–225.
Published: 01 December 2016
... narrowing of modeling choices that would bind the rationality of the individual units would be best iterated through a process that takes into account the human factor. Interactions with experimental psychologists opened a door for economists to nonstandard modeling and an iterative, heuristic specification...
Journal Article
History of Political Economy (2020) 52 (S1): 270–293.
Published: 01 December 2020
... 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...
Journal Article
History of Political Economy (2019) 51 (3): 471–491.
Published: 01 June 2019
...Juan Acosta; Goulven Rubin In this article we discuss the implementation of a portfolio choice framework and the inclusion of credit rationing by banks in several large-scale macroeconometric models built during the 1960s. We argue that the Fed-MIT-Penn model has a more transparent structure...
Journal Article
History of Political Economy (2016) 48 (suppl_1): 316–331.
Published: 01 December 2016
...-part account of human choice, is a functional theory amounting, after some years of evolution, to a classification of types of deviation from “rational” reward maximization. Animal choice, on the other hand, can be explained causally as the outcome of competition between a set of possible responses...
Journal Article
History of Political Economy (2015) 47 (1): 151–184.
Published: 01 March 2015
... that both countries obtain a payoff of 5. If, on the contrary, Great Britain chooses free trade, the corn- producing country may choose either autarky, obtaining a payoff of 5, or free trade, obtaining a payoff of 10, and since 5 < 10, free trade is actually the agricultural country’s rational choice...
Journal Article
History of Political Economy (2005) 37 (2): 227–232.
Published: 01 June 2005
.... Journal of Economic Behavior and Organization 53.3 : 301 -17. Silk, Leonard. 1978 . Nobel Winner's Heretical Views. New York Times , 9 November, 53 . Simon, Herbert A. 1955 . A Behavioral Model of Rational Choice. Quarterly Journal of Economics 69.1 : 99 -118. ____. 1956 . Rational Choice...
Journal Article
History of Political Economy (2011) 43 (4): 649–681.
Published: 01 November 2011
... : Cambridge University Press . Summers L. H. 1986 . Does the Stock Market Rationally Reflect Fundamental Values? Journal of Finance 41.3 : 591 – 601 . Thaler R. H. 1980 . Toward a Positive Theory of Consumer Choice . Journal of Economic Behavior and Organization 1 : 39 – 60...
Journal Article
History of Political Economy (2004) 36 (4): 735–760.
Published: 01 November 2004
... of the Contributions of Daniel Kahneman and Vernon Smith. Review of Political Economy . Arrow, Kenneth J. 1987 . Rationality of Self and Others in an Economic System. In Rational Choice: The Contrast between Economics and Psychology , edited by Robin M. Hogarth and Melvin W. Reder, 201 -16. Chicago: University...
Journal Article
History of Political Economy (2005) 37 (4): 755–756.
Published: 01 November 2005
... 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 pp. $19.00 paper. This book is an ambitious...
Journal Article
History of Political Economy (2005) 37 (4): 756–759.
Published: 01 November 2005
.... 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 pp. $19.00 paper. This book is an ambitious attempt to contribute to the history of late...
Journal Article
History of Political Economy (2005) 37 (4): 759–761.
Published: 01 November 2005
... 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...
Journal Article
History of Political Economy (2005) 37 (4): 761–763.
Published: 01 November 2005
... 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...