Titlebook: Rationality, Bounded Rationality and Microfoundations; Foundations of Theor Reza Salehnejad Book 2007 Palgrave Macmillan, a division of Mac

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SAGE

https://doi.org/10.1057/9780230625150bounded rationality; economic theory; economics; macroeconomics; utility; utility theory

ALE

978-1-349-28149-7Palgrave Macmillan, a division of Macmillan Publishers Limited 2007

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Rational behaviour and economic theory,haves rationally. This conjecture is thought to be an ‘engine of truth’ that helps to discover the laws of economic behaviour. Market forces are said to eliminate irrational behaviour, and this justifies focusing on the study of rational behaviour. This chapter studies the contribution of various rationality hypotheses to theoretical economics.

细胞学

Introduction,g according to a multitude of different rules and constraints. The interaction of these decision-making units at the micro-level gives rise to certain regularities at the economy level, which form the subject matter of macroeconomics. The complexity of modern economies makes it impossible to build a

Recessive

Theoretical versus atheoretical macroeconomics: Concepts and controversies,of the economy over the long run (growth theory) constitutes what we call macroeconomics. The objective is to understand the causes of economic fluctuations and growth, forecast the future of the economy, and aid analysis of state policies. Following tradition, we may categorize major objectives of

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