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Rationality, Bounded Rationality and Microfoundations: Foundations of Theoretical Economics

Rationality, Bounded Rationality and Microfoundations: Foundations of Theoretical Economics

Paperback

Economics

ISBN10: 1349281492
ISBN13: 9781349281497
Publisher: Palgrave MacMillan
Published: Jan 1 2007
Pages: 309
Weight: 0.74
Height: 0.68 Width: 5.25 Depth: 8.00
Language: English
This book challenges the generally accepted theories of classical economics, explaining why the expected utility theory, even if it were true, fails to be of much help in solving economic controversies.

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Economics