Status of Rationality Principle in Economics: Past and Present

Rostislav Kapeliushnikov ()

Journal of the New Economic Association, 2017, vol. 33, issue 1, 162-166

Abstract: The paper provides a short overview of different applications of rationality principle in economics. Author argues that although in the last decades the role of rationality principle was substantially undermined in both empirical and theoretical studies. It is likely to preserve its traditional status as a basic methodological guide for economic analysis.

Keywords: behavioral economics; methodology; rational choice; rationality principle (search for similar items in EconPapers)
JEL-codes: A12 B41 D01 D03 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2017:i:33:p:162-166

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