…a somewhat upbeat note: “I’m not willing to give up on rationality . . . Look, why have I been writing columns rather than jumping off the George Washington Bridge?…

…by Keynes embodied by Buffett) would avoid common stock like the plague. In the data, quite the contrary. Liquidity is valuable even without irrationality. I think you are right that…

…it “The Market’s Social Welfare Function.” This means he assumes the standard assumptions sufficient to make market outcomes Pareto efficient, rationality, perfect competition, market clearing, no externalities, symmetric information and…

…the figure. In fact, the data for liberals happens to correspond exactly to the arbitrary hand drawn illustration of unmotivated reasoning with bounded rationality. Now I do not think that…

…and Conscience was published. Rapoport used a systematic exposition of decision theory to demonstrate the essential irrationality of strategic thinking, which prides itself on its supposedly rigorous rationality. Of course,…

…role to play in climate politics, to clearly spell out the difference between the rationality of capital and the rationality of the human race. Everything else—the fixation on degrowth, the…

…collective rationality is prior to any other treatment of what economists regard as rational behavior. (So is a discussion of the psychological assumptions economists make about the nature of rationality,…

…to be an enemy one has to act as a servant and defend his actions, and that this requires abandoning “morality or rationality or both.” Quite so and definitely worth…

…relationship between despotism and rationality, for the formation of a society administered by free producers, in which – with the abolition of production for production – programming, the plan, rationality,…

…alternative Dryzek proposed instead was based on his Ostrom’s case study work on managing common-pool resources.  The alternative political economy would be one that can account for instrumental rationality –…