What are the questions?

Donald W. Katzner

Journal of Post Keynesian Economics, 2002, vol. 25, issue 1, 51-68

Abstract: This paper argues that, in attempting to provide accurate explanations of economic behavior, economists have to account, in the structures of their models, for the cultural backgrounds of the agents in question. In particular, utility and profit maximization (or their equivalent) cannot be used universally as motivating forces everywhere because cultural effects can lead to different thought processes, different motivations, and hence different decision rules. Failure to introduce such effects into economists' models can lead to errors in understanding and policy recommendations that do not produce intended results.

Date: 2002
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://hdl.handle.net/10.1080/01603477.2002.11051351 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:postke:v:25:y:2002:i:1:p:51-68

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MPKE20

DOI: 10.1080/01603477.2002.11051351

Access Statistics for this article

More articles in Journal of Post Keynesian Economics from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().