The rationality postulate in economics: its ambiguity, its deficiency and its evolutionary alternative

Journal of Economic Methodology 11 (1):1-29 (2004)
Though the rationality postulate is generally considered the paradigmatic core of economics, there is little agreement about its specific content and methodological status. This paper seeks to clarify some of the ambiguity surrounding the postulate by drawing a distinction between the non?refutable, purely heuristic rationality principle and refutable rationality hypotheses. An alternative, evolutionary outlook at purposeful human behavior is outlined that captures much of what makes the rationality postulate attractive to economists but avoids the ambiguities that have made it the subject of enduring controversy.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
DOI 10.1080/1350178042000177987
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
Download options
PhilPapers Archive

Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 16,667
External links
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library
References found in this work BETA

No references found.

Add more references

Citations of this work BETA
Daniel John Zizzo (2008). Anger and Economic Rationality. Journal of Economic Methodology 15 (2):147-167.

Add more citations

Similar books and articles
Martin Bunzl (2002). Evolutionary Games Without Rationality? Philosophy of the Social Sciences 32 (3):365-378.

Monthly downloads

Added to index


Total downloads

8 ( #276,630 of 1,726,249 )

Recent downloads (6 months)

2 ( #289,836 of 1,726,249 )

How can I increase my downloads?

My notes
Sign in to use this feature

Start a new thread
There  are no threads in this forum
Nothing in this forum yet.