On the Assumption of “Rational Conduct” in Economic Science
Bibliographic Data
| ID | 9256144 |
|---|---|
| Authors | Thomas F Divine (Marquette University, corresponding author) |
| Year | 1950 |
| Volume | 8 |
| Issue | 2 |
| Pages | 85-88 |
| Publication date | 1950-09-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Review of Social Economy (JOURNAL) |
| Journal identifiers | ISSN: 0034-6764 • E-ISSN: 1470-1162 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/00346765000000017 |
| OpenAlex | W2023015818 |
| Language | EN |
| Citations received | 2 |
The assumption of conduct on the part of individuals is one of the primary or general assumptions of theory. When, however, the economist speaks of rationality of human conduct (or, as it is sometimes called, the economic motive) he is not using in the same sense as do the philosophers who define man as a rational animal. He is using it in a very technical sense. By rational conduct he means conduct that follows a uniform and constant pattern. And that pattern consists of seeking the highest returns or the maxi? mum satisfaction of wants from the use of any given quantity of scarce resources
Econometrics · Economic science · Economics · Mathematical economics · Neoclassical economics · Political science · Positive economics · Rational expectations · Social science · Sociology · Economic Theory and Institutions
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,05 |
| Citation span | 1986 - 1994 (9) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |