EconPapers    
Economics at your fingertips  
 

The Irresistible Fetish of Utility Theory: From “Pleasure and Pain” to Rationalising Torture

Giovanni Dosi () and Andrea Roventini ()

Intereconomics: Review of European Economic Policy, 2016, vol. 51, issue 5, 286-287

Abstract: Abstract This note briefly examines the path that the economics discipline has taken since adopting the assumption that human behaviour is exclusively driven by utility maximisation. This view has prevented the full comprehension of most economic phenomena and has spread to other social disciplines, occasionally leading to results either ridiculous or tragic, such as using utility theory to rationalise torture. Such academic absurdity must be ended.

Date: 2016
References: Add references at CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s10272-016-0619-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:intere:v:51:y:2016:i:5:d:10.1007_s10272-016-0619-6

Ordering information: This journal article can be ordered from
http://link.springer.de/orders.htm

Access Statistics for this article

Intereconomics: Review of European Economic Policy is currently edited by Brigitte Preissl and Derek Kruse

More articles in Intereconomics: Review of European Economic Policy from Springer, German National Library of Economics, Centre for European Policy Studies (CEPS)
Series data maintained by Sonal Shukla ().

 
Page updated 2017-10-06
Handle: RePEc:spr:intere:v:51:y:2016:i:5:d:10.1007_s10272-016-0619-6