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Rationality and Commitment (Hardcover)
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Rationality and Commitment (Hardcover)
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Rational choice theory forms the core of the economic approach to
human behaviour. It is also the most influential philosophical
account of practical rationality. Yet there are persistent
controversies about the scope of rational choice theory in
philosophy and, increasingly, in economics as well. A leading
critic is the philosopher and Nobel Laureate economist Amartya Sen,
who put forward a trenchant critique of rational choice theory in
his seminal paper 'Rational Fools'. Sen emphasizes the importance
of commitment - those aspects of human behavior which dispose
individuals to co-operate, follow norms, and identify with others.
He argues that rational choice theory cannot accommodate
commitment, and demands a more adequate account of
rationality.
The question of how to account for the rationality of commitment
is very much an open issue and, if anything, even more pressing
today than when Sen first raised it. In Rationality and Commitment,
thirteen leading philosophers and economists discuss Sen's claims
and propose their own answers to the question of how to account for
the rationality of committed action. The volume concludes with a
specially-written reply by Sen, in which he responds to his critics
and provides a rich commentary on the preceding essays.
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