Sentences with phrase «economic rationality in»

Not exact matches

Unless economic rationality has little to do with what is happening in oil markets.

One of those who find in the discipline more ideology than science, Orrell argues against 10 principles of economic orthodoxy, including the rationality and predictability of the market and its potential to provide happiness.

For a more general treatment of this issue of overconfidence and other ways in which economic agents depart from complete rationality, see Richard Thaler.

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.

Kant's approach may hold at bay the antihumanism of modern science (we are just clever animals in an insignificant corner of a vast cosmos), and it may serve as a bulwark against the ruthless rationality of economic efficiency and the putative demands of progress, but Michalson concludes that Kant's approach to the question of God makes theology less and not more plausible.

Human rationality is also evident in the very fact of economic organization.

And when Max Weber, in his famous address Wissenschaft als Beruf, sought to shape the self - understanding of the modern academy, he did so by insisting that the academic realm, like the political and economic realms, had become and would remain governed by means - end rationality and by impersonal constraints.

If they crashed due to an explosion of economic rationality, massive unemployment and immediate impoverishment would take place, undermining local governments and Moscow.Other countries pay unemployed people to pick up garbage in parks, instead.

Like economic society in liberal economic, theory Rawls» theory reasons from individuals - to - community and through a relatively basic method of consenual choice, utilizing transparant and universally applicable rules of individual rationality.

Another major difference lies in the fact that in market economies not be possible to achieve rationality in the operation of the economic system of a country because the state does not exercise with effective planning and control of the economy, while in state planned economies this rationality can be performed in the formulation of objectives (performance standards) either in the correction of deviations between what was planned and what was achieved through the action of the State.

It is clear that in a capitalist mixed economy predominantly state or predominantly private, the rationality in the operation of the economic system of a country can only be achieved in formulating goals (performance standard) and correction of deviations between what was planned and what was achieved if the State act in the governance of the system as a regulator of economic activity and as a mediator between the capitalists and civil society ensuring its participation in government decisions.

While the three rationales may differ in the degree of their economic «rationality,» hopefully there's more to life than maximizing a utility function.

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.

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.

Rationality and self - interest as economic - exchange strategy in borderline personality disorder: Game theory, social preferences, and interpersonal behavior.