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When Reason Fails

In: INCLUSIVE ECONOMIC THEORY

Author

Listed:
  • Steven Rosefielde
  • Ralph W. Pfouts

Abstract

The broad neoclassical consensus that competitive markets and governments yield good results rests on the premise that realist heuristics are sound and human motives are mostly rational and benevolent. Reason prevails. The outlook reflects a continuing faith in the power of Enlightenment reason in the face of counterclaims that men are sometimes foolish, demented and immoral…

Suggested Citation

  • Steven Rosefielde & Ralph W. Pfouts, 2014. "When Reason Fails," World Scientific Book Chapters, in: INCLUSIVE ECONOMIC THEORY, chapter 11, pages 107-110, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789814566650_0011
    as

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