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What are the questions?

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  • DONALD W. KATZNER

Abstract

This paper argues that, in attempting to provide accurate explanations of economic behavior, economists have to account, in the structures of their models, for the cultural backgrounds of the agents in question. In particular, utility and profit maximization (or their equivalent) cannot be used universally as motivating forces everywhere because cultural effects can lead to different thought processes, different motivations, and hence different decision rules. Failure to introduce such effects into economists' models can lead to errors in understanding and policy recommendations that do not produce intended results.

Suggested Citation

  • Donald W. Katzner, 2002. "What are the questions?," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 25(1), pages 51-68.
    • Handle: RePEc:mes:postke:v:25:y:2002:i:1:p:51-68
    DOI: 10.1080/01603477.2002.11051351
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    Cited by:

    1. Jennifer Nevins & William Bearden & Bruce Money, 2007. "Ethical Values and Long-term Orientation," Journal of Business Ethics, Springer, vol. 71(3), pages 261-274, March.
    2. Miguel A. Duran, 2007. "Mathematical Needs and Economic Interpretations," Contributions to Political Economy, Cambridge Political Economy Society, vol. 26(1), pages 1-16.
    3. Georg D. Blind & Raji Steineck, 2021. "The missing piece in E. Cassirer’s theory of symbolic forms: the economy," Evolutionary and Institutional Economics Review, Springer, vol. 18(1), pages 291-315, April.

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