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What is the value of self-interest?

Author

Listed:
  • Celia Lessa Kerstenetzky

Abstract

The article critically reviews past and current justifications for the theoretical use of the behavioral assumption of self-interest, explanatory, normative, representational and critical, focusing on the critical function. This latter emerges from an incursion into the modern history of ideas and may be shown still to fertilize a number of contemporary economic approaches. JEL Classification: B12; B21; B41; B52.

Suggested Citation

  • Celia Lessa Kerstenetzky, 2005. "What is the value of self-interest?," Brazilian Journal of Political Economy, Center of Political Economy, vol. 25(3), pages 254-276.
    • Handle: RePEc:ekm:repojs:v:25:y:2005:i:3:p:254-276:id:642
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/642/639
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    More about this item

    Keywords

    Self-Interest; Adam Smith; Friedrich Hayek; Rational Choice; Institutions;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;

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