Assumptions of complete rationality and complete information in economics: A critique /

Title

Assumptions of complete rationality and complete information in economics: A critique /

Creator

Rassendren, Marie Joseph Gerard. - 0931801

Description

Economists conceived the discipline of economics to be a science of social relations. In fact they believed that social relations between individuals are moderated and regulated. The Physiocratic, Classical and Neo - classical school which firmly believed in human liberty considered this moderation to be a matter of self regulation1 and also that the laws controlling human association to be as clear as the laws of geometry. Contrary to this economists belonging to the utopian common wealth, and the Marxists school believed the same can be dealt out only through social control by the state.2 Irrespective of ones allegiance to any school of economic thought, human behaviour is central to the study of economics and to its place in knowledge structures as a social science.

Date

2010-05-19

Publisher

CHRIST (Deemed to be University)

Subject

Economics

Format

PDF

Language

English

Type

MPhil