IDEAS home Printed from https://ideas.repec.org/h/pal/pfschp/978-1-137-06317-5_1.html
   My bibliography  Save this book chapter

Practical Wisdom and Economic Models of Choice

In: Approximating Prudence

Author

Listed:
  • Andrew M. Yuengert

Abstract

The first line of Aristotle’s Nicomachean Ethics ought to warm the heart of every economist. Here is a philosopher who begins by observing that people, when they act, are aiming at something they think is good. This rings true in the ears of economists, who regularly assume that people have objectives they seek to achieve in their actions. Of course, the Aristotelian account of human behavior is much richer than the maximization of utility subject to constraints (and some Aristotelians object in strong terms to the utilitarian economic account), but it begins in the same place: with human agency.

Suggested Citation

  • Andrew M. Yuengert, 2012. "Practical Wisdom and Economic Models of Choice," Perspectives from Social Economics, in: Approximating Prudence, chapter 0, pages 1-10, Palgrave Macmillan.
    • Handle: RePEc:pal:pfschp:978-1-137-06317-5_1
    DOI: 10.1057/9781137063175_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. John F. Tomer, 2020. "Economics' Wisdom Deficit and How to Reduce It," Economic Thought, World Economics Association, vol. 9(2), pages 24-37, December.
    2. Alexander D. Binder, 2020. "An Introduction to Catholic Economics: General Welfare, Competing Perspectives, and Human Nature," The American Economist, Sage Publications, vol. 65(2), pages 191-203, October.
    3. Andrew M. Yuengert, 2014. "Sin, and the Economics of ‘Sin’," Econ Journal Watch, Econ Journal Watch, vol. 11(2), pages 243-249, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:pfschp:978-1-137-06317-5_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.