Amartya Sen and Rational Choice: the Concept of Commitment

Are human beings motivated exclusively by self-interest? The orthodox theory of rational choice in economics thinks that they are. Amartya Sen disagrees, and his concept commitment is central to his vision of an alternative to mainstream rational choice theory. This book examines commitment as it ha...

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Bibliographic Details
Main Author: Peacock, Mark S. (Author)
Format: Electronic eBook
Language:English
Published: Milton Park, Abingdon, Oxon Routledge 2020
Series:Routledge INEM Advances in Economic Methodology
Routledge INEM advances in economic methodology 20
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Online Access:Volltext
Summary:Are human beings motivated exclusively by self-interest? The orthodox theory of rational choice in economics thinks that they are. Amartya Sen disagrees, and his concept commitment is central to his vision of an alternative to mainstream rational choice theory. This book examines commitment as it has evolved in Sen's critique of orthodox rational choice theory. The in-depth focus on commitment reveals subtleties in the concept itself as well as in its relationships with other concepts which Sen develops in his critique of rational choice theory, for examplepreference, sympathy, weakness of will, agency, personhood, social norms, rights, self-welfare goal and self-goal choice. The book provides a comprehensive understanding of commitment and offers novel interpretations of the term as a way of strengthening its plausibility. Broadly in support of Sen's conceptualization of rational choice, the book nevertheless reveals ambiguities and weaknesses in Sen's conceptual framework, and it reformulates Sen's concepts when doing so strengthens the claims he makes. The book also engages with critics of Sen and argues for the importance of commitment as a component in the theory of rational choice
Physical Description:1 online resource (161 pages)
ISBN:9780429583582
0429583583
0429198949
9780429581687
0429581688
9780429198946
9780429579462
0429579462

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