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Post-modernism and the Notion of Rationality in Economics

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  • Sofianou, Evanthia

Abstract

This article assesses contributions from economists who see the postmodernist framework as providing a viable alternative to the behavioristic model of action in economics. It is found that, although postmodernism identifies many of the problems of mainstream economics, it too remains unable to sustain the notions of choice and agency that it preaches because it fails to escape the anthropocentrism of positivist philosophy. Once this anthropocentrism is abandoned, it can be seen that agency lies not only in linguistic redescription but also in the understanding of real causal mechanisms that exist and act independently of any individual human agents. (c) 1995 Academic Press, Inc. Copyright 1995 by Oxford University Press.

Suggested Citation

  • Sofianou, Evanthia, 1995. "Post-modernism and the Notion of Rationality in Economics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 19(3), pages 373-389, June.
    • Handle: RePEc:oup:cambje:v:19:y:1995:i:3:p:373-89
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    Cited by:

    1. Edward Fullbrook, 1998. "Shifting the mainstream: Lawson's impetusEconomics and Reality tony lawson routledge, 1997, 364 pp," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 26(4), pages 431-440, December.
    2. Alexander Dow & Sheila Dow & Alan Hutton, 1997. "The Scottish Political Economy Tradition and Modern Economics," Scottish Journal of Political Economy, Scottish Economic Society, vol. 44(4), pages 368-383, September.

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