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Reconciling homo economicus and John Dewey's ethics

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Author Info
Mark D. White
Abstract

This paper attempts to incorporate the ethics of John Dewey into the neoclassical model of rational choice. I show that while it may be possible to modify the preference-satisfaction model of homo economicus in order to include many aspects of Dewey's ethics, there are some issues, such as his concepts of the continuity of action, time horizons, and the social nature of the individual, that prove much more difficult to combine with the economic model of human behavior.

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Article provided by Taylor and Francis Journals in its journal Journal of Economic Methodology.

Volume (Year): 10 (2003)
Issue (Month): 2 (January)
Pages: 223-243
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Handle: RePEc:taf:jecmet:v:10:y:2003:i:2:p:223-243

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Keywords: Rationality Ethics John Dewey Preferences

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  1. Thorstein Veblen, 1909. "The Limitations of Marginal Utility," Journal of Political Economy, University of Chicago Press, vol. 17, pages 620. [Downloadable!] (restricted)
  2. Veblen, Thorstein, 1909. "The Limitations of Marginal Utility," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 17. [Downloadable!]
  3. John C. Harsanyi, 1996. "Utilities, preferences, and substantive goods," Social Choice and Welfare, Springer, vol. 14(1), pages 129-145. [Downloadable!] (restricted)
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  4. Alex Viskovatoff, 2001. "Rationality as optimal choice versus rationality as valid inference," Journal of Economic Methodology, Taylor and Francis Journals, vol. 8(2), pages 313-337, June. [Downloadable!] (restricted)
  5. Veblen, Thorstein, 1899. "The Preconceptions of Economic Science II," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 13. [Downloadable!]
  6. Gifford, Adam Jr., 2002. "Emotion and self-control," Journal of Economic Behavior & Organization, Elsevier, vol. 49(1), pages 113-130, September. [Downloadable!] (restricted)
  7. Veblen, Thorstein, 1899. "The Preconceptions of Economic Science I," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 13. [Downloadable!]
  8. Veblen, Thorstein, 1900. "The Preconceptions of Economic Science III," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 14. [Downloadable!]
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