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Facing R. Sugden's criticism of our interpretation, it is shown in this paper that rationality appears as a possible consequence of Hume's theory of choice. We first argue that Sugden's dismissal of the preference relation from the type of rationality through which Hume's theory is apprehended,...
Persistent link: https://www.econbiz.de/10008789356
precisely a “belief”, transferred to the direct passions of desire or volition that come immediately before action. As a result … pleasure is transformed by belief into a non-empty class of relations of desire, among which at least one is a preorder. …
Persistent link: https://www.econbiz.de/10008790780
's distinction between three alternative valuations of an individual position: desire (which leads to action), interest, and … happiness. The difficulty comes from the fact that desire does not depend on pleasure as an impression, but on the force of an …
Persistent link: https://www.econbiz.de/10008790949
For the reader who considers economic theory of choice as a special case of a more general theory of action, Hume's discussion of the determinants of action in the Treatise of Human Nature (1739-1740), in the Enquiry on Human Understanding (1748), and in the Dissertation on Passions (1757),...
Persistent link: https://www.econbiz.de/10008791484
precisely a “belief”, transferred to the direct passions of desire or volition which come immediately before action. As a result … pleasure is transformed by belief into a relation of desire, which belongs to a non-empty class of relations, among which at …
Persistent link: https://www.econbiz.de/10008793170
analysis links highly detailed individual level fertility life histories to wealth at death data for four rural villages in …
Persistent link: https://www.econbiz.de/10010738834
There is a capital taxation puzzle in most developed countries. Since the 1960s, revenues from wealth transfer taxation … cases; by contrast, lifetime wealth or capital taxation generates much higher revenues and shows no decreasing trend. The … full tax puzzle is certainly not easy to explain. Many usual explanations of the aversion to wealth transfer taxation also …
Persistent link: https://www.econbiz.de/10010738837
1950, and back up to about 15% by 2010. A simple theoretical model of wealth accumulation, growth and inheritance can fully … wealth accumulation well above 100%. Our findings illustrate the fact that when the growth rate g is small, and when the rate … of return to private wealth r is permanently and substantially larger than the growth rate (say, r=4%-5% vs. g=1 …
Persistent link: https://www.econbiz.de/10010738844
in explaining households' wealth behaviors, and to construct more accurate tests of the theories of savings and portfolio … composition of wealth are similar across surveys, in line with theoretical predictions, and more significant than those obtained …
Persistent link: https://www.econbiz.de/10010738899
.25, so that the two preferences are nonetheless far from identical. In addition, the elasticity of children's wealth with … respect to that of their parents is around 0.22. This correlation is corrected for the influence of age on wealth, and … intergenerational transmission of wealth inequalities, but is far from being the most important factor. …
Persistent link: https://www.econbiz.de/10010739024