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Showing posts with label utility maximization. Show all posts
Showing posts with label utility maximization. Show all posts
Saturday, January 19, 2019

Daniel Little — The place for thick theories of the actor in philosophy

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The neoclassical foundational assumption of rational maximization and Buchanan's rational choice theory are "thin" theories...
2 comments:
Monday, November 13, 2017

Lars P. Syll — On Econs and Humans

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Fun. Lars P. Syll's Blog On Econs and Humans Lars P. Syll | Professor, Malmo University
Wednesday, September 20, 2017

Umar Haque — Americans Are Dying For Healthcare

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Yet there’s a logic — however absurd — to it. It’s a case of income maximization gone extreme. Repealing healthcare will maximize incomes f...
4 comments:
Sunday, August 13, 2017

Olivia Goldhill — A philosopher who studies life changes says our biggest decisions can never be rational

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At some point, everyone reaches a crossroads in life: Do you decide to take that job and move to a new country, or stay put? Should you bec...
2 comments:
Wednesday, August 9, 2017

Bill Mitchell — Falling enrolments in mainstream economics programs is a desirable outcome

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If you have had the misfortune to study economics formally at university then you will recall sitting through endless and tedious lectures ...
24 comments:
Sunday, August 6, 2017

Chris Dillow — Choice in economics

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Are rational choice theory and utility maximization unwarranted assumptions in that they contradict evidence? Stumbling and Mumbling Choic...
Thursday, January 12, 2017

Philip Pilkington — To What Extent Is Economics an Ideology and to What Extent Is It a Useful Theory?

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Short lead in to forthcoming book. Naked Capitalism To What Extent Is Economics an Ideology and to What Extent Is It a Useful Theory?...
7 comments:
Thursday, September 22, 2016

Geoffrey Hodgson — Imagine Economics as an Evolutionary Science

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Veblen took the view that humans were driven by habit. Habits are guided by both inherited propensities – called instincts – and existing i...
2 comments:
Sunday, April 3, 2016

Geoffrey Hodgson — Economic Rationality Explains Everything and Nothing

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But note that utility maximization is not a tautology. Tautologies are true by assumption or definition. Utility maximization is not a taut...
6 comments:
Saturday, October 24, 2015

Cameron K. Murray — Explaining everything explains nothing: Economics

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Sure, humans often make calculated decisions, but the more I learn about the nexus between individual behaviour and how we behave in groups...
5 comments:
Sunday, January 20, 2013

Morris Berman — The Parable of the Frogs

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What does it take to produce large-scale social change? Most historians, if you catch them in an honest moment, will admit that the popula...
1 comment:
Sunday, December 30, 2012

Chris Dillow — The Costs Of Hierarchy

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Experimental evidence shows that hierarchical organization is more inefficient than generally realized. Ernst Fehr and colleagues got sub...
1 comment: