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Rationality and Ideology in Economics.

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Title: Rationality and Ideology in Economics.
Authors: Foley, Duncan K.
Source: Social Research. Summer2004, Vol. 71 Issue 2, p329-342. 14p.
Subjects: Economics, Theory, Social sciences, Economics education, Reason, Economists, Economic structure, Economic history, Heilbroner, Robert
Abstract: The article presents the rationality and ideologies of economics. It addresses the issues presented by Robert Heilbroner's views on the concept of rationality. This paper discusses the emergence of capitalism and economic theories. It further explains the role of rationality for the establishment of mainstream economy. Other issues included are the varieties of rationality, a critique on the rational-actor theory in evaluating individual behavior to explain social phenomena, and details the effect of ignorance.
Database: Psychology and Behavioral Sciences Collection
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PubType: Academic Journal
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  Data: The article presents the rationality and ideologies of economics. It addresses the issues presented by Robert Heilbroner's views on the concept of rationality. This paper discusses the emergence of capitalism and economic theories. It further explains the role of rationality for the establishment of mainstream economy. Other issues included are the varieties of rationality, a critique on the rational-actor theory in evaluating individual behavior to explain social phenomena, and details the effect of ignorance.
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      – Code: eng
        Text: English
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        PageCount: 14
        StartPage: 329
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      – SubjectFull: Economics
        Type: general
      – SubjectFull: Theory
        Type: general
      – SubjectFull: Social sciences
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      – SubjectFull: Economics education
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      – SubjectFull: Reason
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      – SubjectFull: Economists
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      – SubjectFull: Economic structure
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      – SubjectFull: Economic history
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      – SubjectFull: Heilbroner, Robert
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      – TitleFull: Rationality and Ideology in Economics.
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              Text: Summer2004
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