Titlebook: Approximating Prudence; Aristotelian Practic Andrew M. Yuengert Book 2012 Palgrave Macmillan, a division of Nature America Inc. 2012 econom

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https://doi.org/10.1007/978-3-8349-8123-3re aiming at something they think is good. This rings true in the ears of economists, who regularly assume that people have objectives they seek to achieve in their actions. Of course, the Aristotelian account of human behavior is much richer than the maximization of utility subject to constraints (

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https://doi.org/10.1007/978-3-8349-8123-3mists. It would not be out of place in a review of any literature in economic theory. Samuelson acknowledges the distance between the exact assumptions of his mathematical model and the more complex reality that lies beyond his assumptions, and assures us that the exact but incomplete assumptions of

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https://doi.org/10.1007/978-3-658-18559-6opted for the term “practical wisdom.” The modern meaning of prudence is so different from the meaning of . that any attempt to use the term will assuredly fail to communicate the richness of the Aristotelian tradition of human reasoning in action. Modern prudence is the pursuit of self-interest nar

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Technik, Wirtschaft und Politikof luck, chance, and contingency. Both Aristotle and Aquinas lived in a world in which well-planned projects go hopelessly awry because of events that could not have been anticipated, in which what were good choices in the past turn out to be terrible choices in the present, and in which a person’s

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Technik, Wirtschaft und Politikte human action. Chapter 5 addressed the contingency that faces decision makers, contrasting it with uncertainty in economics. Although the Aristotelian treatment of contingency in Chapter 5 brings into play certain crucial virtues, we have not yet fully explored the nature of virtue in this traditi

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Erfolgsfaktoren des Ambush-Marketing human action are too complex to be mimicked by a single-valued utility function; the contingency that confronts any practical decision cannot be fully captured by probabilistic and expected utility approaches; the internal conflict that attends most human action, and the role of the virtues in mana

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