"Economic rationality" refers to making decisions based on logic, reason, and the desire to maximize benefits while minimizing costs. It means thinking about the financial consequences of different choices and acting in a way that makes the most sense financially.
Full definition
Only in a few highly specialised situations, for example in some financial markets, can men be counted on to
follow economic rationality.
That would be asking an executive agency to
put economic rationality ahead of political calculation in a presidential election year.
Juridica's model of corporate claim finance amplifies the role of
economic rationality in the business dispute resolution process.
Indeed, by streamlining and downsizing venture capital, super angels may be pushing Silicon Valley toward accepting something that has long been missing in these parts:
economic rationality.
This does seem to be carrying the principle of «
economic rationality» so far that its positive functions disappear.
The achievement of
economic rationality is not to be left to the laws of the market, but is to be made a deliberate goal.
You can argue
the economic rationality of cashing in on a player's worth until your face is blue but the simple fact is some things should be worth more than dollar signs.
We may not show the «
economic rationality» of traditional decision theory but our choices have their own logic, which he calls «biological rationality».
Secondly, policy design might be a great new opportunity for further development for design research and practice — while also addressing some of the counterproductive tendencies in policy (e.g. techno -
economic rationality, «evidence» - based policy, «deliverology»).
And our first Water Award goes to a plant that was committed to finding a unique solution to flue gas desulfurization wastewater treatment that values both environmental protection and
economic rationality.
Not surprisingly, they have the depressing characteristics of such programmes: high protection, open - ended support to producers, and indifference to
economic rationality.»
And Sayn - Wittgenstein was less about the recognition of an Austrian constitutional idiosyncrasy than about
the economic rationality of equality.
The Court confirmed that the Commission can not evade its obligation to assess
the economic rationality of a given measure in the light of the private investor test solely on the basis that the measure is connected to a measure which itself already constitutes State aid.
To apply the proportionality test to these kind of issues resembles — as Bogg emphasizes as well — a «colonisation process» (p. 71) and only some kind of immunity from
this economic rationality would make a difference.
that the Commission could not evade its obligation to assess
the economic rationality of the amendment to the repayment terms in the light of the private investor test solely on the ground that the capital injection subject to repayment itself already constitutes State aid.
What is decisive in the context of that comparison is whether the amendment to the repayment terms of the capital injection has satisfied
an economic rationality test, so that a private investor might be in a position to accept such an amendment, in particular by increasing the prospects of obtaining the repayment of that injection.