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The Econ within or the Econ above? On the plausibility of preference purification

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  • Beck, Lukas

Abstract

Scholars disagree about the plausibility of preference purification. Some see it as a familiar phenomenon. Others denounce it as conceptually incoherent, postulating that it relies on the psychologically implausible assumption of an inner rational agent. I argue that different notions of rationality can be leveraged to advance the debate: procedural rationality and structural rationality. I explicate how structural rationality, in contrast to procedural rationality, allows us to offer an account of the guiding idea behind preference purification that avoids inner rational agents. Afterward, I address two pressing challenges against preference purification that emerge under the structural rationality account.

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  • Beck, Lukas, 2023. "The Econ within or the Econ above? On the plausibility of preference purification," Economics and Philosophy, Cambridge University Press, vol. 39(3), pages 423-445, November.
  • Handle: RePEc:cup:ecnphi:v:39:y:2023:i:3:p:423-445_4
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