Irrationality in the Neoclassical Definition of Rationality | Science Publications

American Journal of Applied Sciences

Steve Keen¹ 

关键词: Marshall;    Cournot-Nash style competitive behavior;    game theory;    irrationality;    complex behavior/dynamics;   

DOI  :  10.3844/ajassp.2005.61.68

学科分类：自然科学（综合）

来源: Science Publications

【 摘 要 】

In this study we are not arguing that competition as it actually occurs in practice is not socially beneficial. Our criticism is directed instead at the false belief that rational profit-maximizing behavior and competition as defined by neoclassical economic theory will lead to a welfare-maximizing outcome-again, as defined by neoclassical theory.

【 授权许可】

Unknown