A Scholar's Quest

James G. March

Management and Organization Review, 2018, vol. 14, issue 1, 225-228

Abstract: Modern portrayals of human action are overwhelmingly in a calculative and consequentialist tradition. Consequentialist reasoning is the basis for most of modern social and behavioral science and preeminently for economics. Action is seen as choice, and choice is seen as driven by anticipations, incentives, and desires. These ideas trace their roots at least to the Greeks, owe substantial parts of their modern manifestation to the formulations of Jeremy Bentham, and derive much of their contemporary power from the geniuses of L. J. Savage and John von Neumann.

Date: 2018
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