Advertisement

Self-Interest and Rationality: The Modern Connection

  • Ayman Reda
Chapter
Part of the Palgrave Studies in Islamic Banking, Finance, and Economics book series (IBFE)

Abstract

This chapter engages in a detailed examination of the modern view of economic rationality, as represented in the Rational Choice Theory of human behavior. The chapter develops a thorough critique of this view of economic rationality, highlighting its many contradictions and calamities, with a special focus on the opinions of Amartya Sen, Andre Gorz, and Alasdair MacIntyre.

References

  1. ———. 2009. Reason and Rationality. Princeton: Princeton University Press.Google Scholar
  2. Foley, Duncan K. 2004. Rationality and Ideology in Economics. Social Research 71 (2): 329–338.Google Scholar
  3. Force, Pierre. 2003. Self-Interest Before Adam Smith: A Genealogy of Economic Science. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
  4. Gorz, Andre. 1989. Critique of Economic Reasoning. London: Verso.Google Scholar
  5. Isaac, Alan G. 1997. Morality, Maximization, and Economic Behavior. Southern Economic Journal 64 (3): 559–570.CrossRefGoogle Scholar
  6. Knight, Frank H. 1951. The Economic Organization. New York: Augustus Kelley.Google Scholar
  7. Sen, Amartya. 2010. The Idea of Justice. London: Penguin Books.Google Scholar
  8. Skidelsky, Robert. 2015. John Maynard Keynes: The Essential Keynes. London: Penguin Books.Google Scholar
  9. Witztum, Amos. 2011. Ethics and the Enduring Fallacy of Economics: Robbin’s Enduring Fallacy. Journal of the History of Economic Thought 33 (4): 467–486.CrossRefGoogle Scholar

Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Ayman Reda
    • 1
  1. 1.EconomicsThe University of Michigan - DearbornDearbornUSA

Personalised recommendations