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Scelte e razionalità nei modelli economici: un'analisi multidisciplinare
[Choices and rationality in economic models: a multidisciplinary analysis]

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  • Schilirò, Daniele
  • Graziano, Mario

Abstract

This paper argues critically the issue of choices and rationality in economic models through a multidisciplinary analysis. First, the analysis aims at highlight the scientific contributions of psychology in economics, since psychology and the related approach of cognitive economics has made more complex and problematic the analysis of choices of the standard neoclassical economics. The cognitive approach in economics has pointed out the complexity of the choice process and the unsolved relationship between economic and psychological dimensions of such a process, showing the biases and the limits of rationality. Second, the analysis focuses on the use of evolutionary concepts in economic theory. Economic models, which are consistent with an evolutionary approach, have necessarily to be very different from those of standard economics. In particular, this paper examines the works of Alfred Marshall, since he is the first major economist to refer explicitly to biology for explaining economic evolution. The purpose of the analysis is to reveal the conditions required to succeed in building a real evolutionary model. A major condition, which is found in Marshall models, particularly in his Principles of Economics, is the understanding and the integration of darwinian philosophical matrix in his general economic approach. The paper, therefore, aims at demonstrating that economics has not been historically a discipline homogenously aligned to a single, undifferentiated form of thought, locked into the idea of perfect rationality, but that is a discipline that enriched and still enriches itself by contributions and contaminations from other disciplines.

Suggested Citation

  • Schilirò, Daniele & Graziano, Mario, 2011. "Scelte e razionalità nei modelli economici: un'analisi multidisciplinare
    [Choices and rationality in economic models: a multidisciplinary analysis]
    ," MPRA Paper 31910, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:31910
    as

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    File URL: https://mpra.ub.uni-muenchen.de/31910/1/MPRA_paper_31910.pdf
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    References listed on IDEAS

    as
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    3. Akerlof, George A, 1991. "Procrastination and Obedience," American Economic Review, American Economic Association, vol. 81(2), pages 1-19, May.
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    11. Simon, Herbert A, 1979. "Rational Decision Making in Business Organizations," American Economic Review, American Economic Association, vol. 69(4), pages 493-513, September.
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    More about this item

    Keywords

    scelta; razionalità; economia cognitiva; modelli evolutivi; biologia;

    JEL classification:

    • D03 - Microeconomics - - General - - - Behavioral Microeconomics: Underlying Principles
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary
    • D90 - Microeconomics - - Micro-Based Behavioral Economics - - - General
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles

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