Behavioural controversy concerning homo economicus: a Humean perspective
In his monumental masterpiece, A Treatise on Human Nature, which explains the methodology of human reasoning concerning matters of fact and describes the roles that passions and morals play in it, Hume arrives at an enormously interesting maxim: An academic controversy c...
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| Format: | Article |
| Language: | deu |
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Editura ASE Bucuresti
2014-05-01
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| Series: | The Journal of Philosophical Economics |
| Subjects: | |
| Online Access: |
http://jpe.ro/pdf.php?id=6301
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| _version_ | 1828222195549077504 |
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| author | Khandakar Elahi |
| author_facet | Khandakar Elahi |
| author_sort | Khandakar Elahi |
| collection | DOAJ |
| description | In his monumental masterpiece, A Treatise on Human Nature,
which explains the methodology of human reasoning concerning matters of
fact and describes the roles that passions and morals play in it, Hume arrives
at an enormously interesting maxim: An academic controversy cannot continue
for long unless the disputants assign different meanings to the major terms
employed in the debate. This theory has been applied in this paper to examine
the behavioural criticisms about Homo Economicus (HE), the pivotal perception
in the neoclassical microeconomic model.To achieve this objective, the paper
discusses the origin and evolution of the concept, reviews behavioural criticisms,
summarises the main tenets of Hume’s philosophy of human knowledge and
finally examines the behavioural opinions from Hume’s perspective. The paper
concludes that Hume’s theory convincingly explains the reason why the HE
controversy is continuing for over half century- a fact that both the mainstream
and behavioural economists are ignoring. |
| first_indexed | 2024-04-12T16:51:42Z |
| format | Article |
| id | doaj.art-447cc013e0324147bd7f7477adc8e817 |
| institution | Directory Open Access Journal |
| issn | 1843-2298 1844-8208 |
| language | deu |
| last_indexed | 2024-04-12T16:51:42Z |
| publishDate | 2014-05-01 |
| publisher | Editura ASE Bucuresti |
| record_format | Article |
| series | The Journal of Philosophical Economics |
| spelling | doaj.art-447cc013e0324147bd7f7477adc8e8172022-12-22T03:24:23ZdeuEditura ASE BucurestiThe Journal of Philosophical Economics1843-22981844-82082014-05-01VII2229Behavioural controversy concerning homo economicus: a Humean perspectiveKhandakar Elahi0 University of Technology, Papua New Guinea In his monumental masterpiece, A Treatise on Human Nature, which explains the methodology of human reasoning concerning matters of fact and describes the roles that passions and morals play in it, Hume arrives at an enormously interesting maxim: An academic controversy cannot continue for long unless the disputants assign different meanings to the major terms employed in the debate. This theory has been applied in this paper to examine the behavioural criticisms about Homo Economicus (HE), the pivotal perception in the neoclassical microeconomic model.To achieve this objective, the paper discusses the origin and evolution of the concept, reviews behavioural criticisms, summarises the main tenets of Hume’s philosophy of human knowledge and finally examines the behavioural opinions from Hume’s perspective. The paper concludes that Hume’s theory convincingly explains the reason why the HE controversy is continuing for over half century- a fact that both the mainstream and behavioural economists are ignoring. http://jpe.ro/pdf.php?id=6301 neoclassical economicsbehavioural economicshuman knowledge |
| spellingShingle | Khandakar Elahi Behavioural controversy concerning homo economicus: a Humean perspective The Journal of Philosophical Economics neoclassical economics behavioural economics human knowledge |
| title | Behavioural controversy concerning homo economicus: a Humean perspective |
| title_full | Behavioural controversy concerning homo economicus: a Humean perspective |
| title_fullStr | Behavioural controversy concerning homo economicus: a Humean perspective |
| title_full_unstemmed | Behavioural controversy concerning homo economicus: a Humean perspective |
| title_short | Behavioural controversy concerning homo economicus: a Humean perspective |
| title_sort | behavioural controversy concerning homo economicus a humean perspective |
| topic | neoclassical economics behavioural economics human knowledge |
| url |
http://jpe.ro/pdf.php?id=6301
|
| work_keys_str_mv | AT khandakarelahi behaviouralcontroversyconcerninghomoeconomicusahumeanperspective |