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Robinson R 1. Abstract This paper investigates why economic approaches to priority setting have had only limited impact in practice. Supplemental Content Full text links. External link.
A Multi-Disciplinary Journal for People-Centered Development
Indeed, all that seems to be left of the "rational" component of Posnerian rationality might be the positive normative connotations of the term itself. At the turn of the millennium the law and economics movement is over a quarter of a century old. It is time to unpack Posner's rational choice baggage to see what remains inside.
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Schroeder explicates the internal contradictions of Posner's account of rational choice theory and contrasts his attempt to bolster his theory through the adoption of arbitrary and ad hoc ancillary hypotheses with the methodology of social science. She challenges Posner's presentation of himself as a proponent of mainstream economic theory.
- Rational choice theory.
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- The Atlantic Crossword;
In this Article, Prof. Schroeder contrasts Posner's conception of rational choice theory with those of a number of Nobel Prize laureates who accept some variation of the rationality postulate - Gary Becker, Ronald Coase, Paul Samuelson, George Stigler - as well as two who are critical of rational choice literature - Amartya Sen and Herbert Simon.
She also tentatively offers some suggestions from Lacanian psychoanalytic philosophy as to the appeal of certain notions of "rationality. Suggested Citation: Suggested Citation. Subscribe to this free journal for more curated articles on this topic. Subscribe to this fee journal for more curated articles on this topic.
Outcome: Economic Rationality | Microeconomics
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Whatever Happened to Law and Economics? By Anita Bernstein.
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