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Rational choice and political economy

Bibliographic Data

ID6252006
AuthorsNorman Schofield (0000-0002-1529-7789, corresponding author)
Year1995
Volume9
Issue1-2
Pages189-211
Publication date1995-01-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueCritical Review (JOURNAL)
Journal identifiersISSN: 0891-3811 • E-ISSN: 1933-8007
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/08913819508443379
OpenAlexW1981604059
LanguageEN
Citations received13

The purpose of rational choice is to provide a grand theoretical framework for designing human institutions. Once theoretical work had shown how markets optimally aggregated preferences, attempts were made to extend the theory from markets to politics. Attempts by Downs and Olson to describe elections and collective action produced relatively poor predictions, but impelled game theorists to generalize preference‐based theories to include belief formation. A consequence of this change is that the theory is no longer purely axiomatic, but draws on insights about human behavior from other disciplines and empirical analysis of the role institutions play in determining beliefs

Action (physics · Axiom · Collective action · Economics · Epistemology · Microeconomics · Neoclassical economics · Political science · Politics · Positive economics · Preference · Rational choice theory (criminology · Revealed preference · Sociology · Work (physics · Economic Theory and Institutions · Experimental Behavioral Economics Studies

  • William H. Riker and the Invention of Heresthetic(s)

    Open Access•Ian Mclean, Iain Mclean•British Journal of Political…•2002

  • Logical Deficiencies in Spatial Models

    Open Access•Jeffrey Milyo•Public Choice•2000

  • Pemahaman Korupsi Dalam Teori Pilihan Rasional dan Hubungan Prinsipal-Agen

    Open Access•Sugeng Pujileksono, Mangihut Siregar•JURNAL ILMU SOSIAL dan ILMU POLITIK•2022

  • Retracted Article

    Open Access•Rizal Budi Santoso, Windy Dermawan et al.•Cogent Social Sciences•2024

  • La formación del mercado de novillos en pie argentino y la incorporación al mercado de carnes británico, 1889-1900

    Open Access•Carmen Sesto•Iberoamericana – Nordic Journal…•2002

  • Cambio institucional en América latina

    Open Access•K Weyland•AMÉRICA LATINA HOY•2011

  • Limitations of rational-choice institutionalism for the study of Latin American politics

    Open Access•K Weyland•Studies in Comparative…•2002

  • Rigor or Rigor Mortis? Rational Choice and Security Studies

    Stephen M Walt•International Security•1999

  • The Contributions and Impact of Professor William H. Riker

    Open Access•Kellie Maske, Garey C Durden et al.•Public Choice•2003

  • Les partis politiques de l'opposition en Afrique

    Open Access•Issaka K Souaré•Les partis politiques de…•2017

  • Institutional Change in Latin America

    Open Access•K Weyland•Journal of Politics in Latin…•2009

  • Can Populism Be Defended? William Riker, Gerry Mackie and the Interpretation of Democracy

    Open Access•Keith Dowding•Government and Opposition•2006

  • Further Twenty Years of Pathologies? Is Rational Choice better than it used to be

    Open Access•Simon Hug•Swiss Political Science Review•2014

Unique citing works13
Citations per year0,48
Citation span1999 - 2024 (26)
Citation velocityrecent
Highly citedNo
Citation typesNeutral: 12

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