When Reason Fails

Steven Rosefielde and Ralph W. Pfouts

Chapter 11 in Inclusive Economic Theory, 2014, pp 107-110 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The broad neoclassical consensus that competitive markets and governments yield good results rests on the premise that realist heuristics are sound and human motives are mostly rational and benevolent. Reason prevails. The outlook reflects a continuing faith in the power of Enlightenment reason in the face of counterclaims that men are sometimes foolish, demented and immoral…

Keywords: Inclusive Economic Theory; Satisficing; Systems; Culture (search for similar items in EconPapers)
Date: 2014
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