The essays by celebrated authors in this 1991 book cover themes
fundamental to economics: the influence of benevolence, altruism,
justice and religious principles in our treatment of others in
society; and the bases of rationality in decision making under
conditions of uncertainty. These common themes are given a wide
range of perspectives by the contributors, who discuss whether not
just a 'rational' but also a 'thoughtful' economic man can be
fitted into a sophisticated version of the orthodox model of man as
a self-interested maximizer, or whether a radical upheaval in
economic analysis is needed to accommodate him. The book is an
examination by leading authorities of not only the role of
rationality and morals in economics, but also the implications of
conventional conceptions of rational economic man for all economic
study. It constitutes a powerful argument for greater richness and
subtlety in ideas about the motivations of individuals in their
economic behaviour.
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