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In order to vindicate rational-choice theory as a mode of explaining social patterns in general - social patterns beyond the narrow range of economic behaviour - we have to recognize the legitimacy of explaining the resilience of certain patterns of behaviour: that is, explaining, not...
Persistent link: https://www.econbiz.de/10009215351
Commonsense rational choice explanations exploit a form of intentional causation, an idealized version of which underpins the formal rational modelling of modern economic theory. Following John Searle, it is argued that the deliberations and activities of economic actors do not bottom out in...
Persistent link: https://www.econbiz.de/10009215362
Gul and Pesendorfer (2008) argue that neuroeconomics is evidentially and explanatorily irrelevant to economics, because neuroeconomics and economics ask different questions and utilize different abstractions. They suggest neuroeconomics is only relevant as a source of inspiration for economists....
Persistent link: https://www.econbiz.de/10008691585
argues that the explanation of emergence of segregation which is based on the checkerboard model is a partial potential … (theoretical) explanation. Yet it is also argued that despite its partiality, the checkerboard model is valuable because it …
Persistent link: https://www.econbiz.de/10005141350
Instead of examining critical realism directly, this essay critically examines claims made by two prominent critical realists, namely Andrew Collier and Tony Lawson, on behalf of their philosophy. These are (a) that critical realism supports Marx's law of the tendency of the rate of profit to...
Persistent link: https://www.econbiz.de/10005496145
Bill yields, this theoretical explanation is incomplete. A broader-based explanation that accounts for government debt and …
Persistent link: https://www.econbiz.de/10005496156
The contrastive approach to explanation is employed to shed light on the issue of the unrealisticness of models and …
Persistent link: https://www.econbiz.de/10005496165