A Conceptual History of the Emergence of Bounded Rationality

  title={A Conceptual History of the Emergence of Bounded Rationality},
  author={Matthias Klaes},
How to tell the history of the concept of “bounded rationality”? Historians have tended to understand concepts in two different ways (Richter 1996). In intellectual history, mentalistic or Platonist interpretations are prevalent, keeping to Arthur Lovejoy’s (1936) precept of tracing concepts as implicit assumptions or mental habits through various disciplines and epochs. In this idealist form of conceptual history, particular expressions act as secondary manifestations of an underlying… CONTINUE READING

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