Epilogue

Orhan Kayaalp
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Orhan Kayaalp: The City University of New York

Chapter 8 in The National Element in the Development of Fiscal Theory, 2004, pp 134-137 from Palgrave Macmillan

Abstract: Abstract Economists differ from other social scientists in that they do not tackle human problems as they present themselves in the real world. To deal with complexities, economists severely restrict decisional variables, especially those that pertain to the behavioral makeup of the decisionmaker. This framework was challenged by the proponents of, first, the administrative theory,1 and, subsequently, the behavioral theory of choice.2 Price theory has absorbed many of these concerns, shedding many a positivistic layer in the process, but still remaining a unified theory based on a singularly axiomatic foundation that the purpose of human life is to satisfy selfish wants in a rational manner.

Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-3897-8_8

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DOI: 10.1057/9781403938978_8

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