Rational Choice Theory at the Origin? Forms and Social Factors of “Irrational Choice”

  title={Rational Choice Theory at the Origin? Forms and Social Factors of “Irrational Choice”},
  author={Milan Zafirovski},
  journal={Social Epistemology},
  pages={728 - 763}
The paper addresses the ‘rational choice only’ reconstruction, characterization, and interpretation of classical and neoclassical economics. It argues that such a reconstruction is inaccurate failing to do justice to the dual theoretical character of classical/neoclassical economics. The paper instead proposes and shows that the latter involves not only elements of ‘rational choice theory’ but also those of an alternative conception. It identifies various and important ideas, observations, and… 
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