This book analyses the role of rationality in economics focusing on which conditions the rationality assumption makes valuable explanations possible and what ki

This book is the result of a research project begun by the author in 1958 with the aim of answering two questions: First, what is the rationality of the economi

Standard economics theory is built on the assumption that human beings act rationally in their own self interest. But if rationality is such a reliable factor,

The concept of rationality is the heart of modern economics. Neo-classical theory seems unable to proceed without assuming a rational agent seeking to find the

The principal findings of experimental economics are that impersonal exchange in markets converges in repeated interaction to the equilibrium states implied by