Abstract

The author analyses a principle of rational behavior and the changes in the meaning of rationality and irrationality in a number of economic theories - behavioral economics, Margolis model, the concepts of merit goods and a new paternalism, the theory of patronized goods. The author comes to a conclusion, that behavior may be considered irrational only from the point of outside observer - from the point of his preferences, the notions about what it should be.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call