Behavioural controversy concerning homo economicus: a Humean perspective
In his monumental masterpiece, A Treatise on Human Nature, which explains the methodology of human reasoning concerning matters of fact and describes the roles that passions and morals play in it, Hume arrives at an enormously interesting maxim: An academic controversy c...
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Editura ASE Bucuresti
2014
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oai:doaj.org-article:447cc013e0324147bd7f7477adc8e8172021-12-02T01:26:38ZBehavioural controversy concerning homo economicus: a Humean perspective1843-22981844-8208https://doaj.org/article/447cc013e0324147bd7f7477adc8e8172014-05-01T00:00:00Z http://jpe.ro/pdf.php?id=6301 https://doaj.org/toc/1843-2298https://doaj.org/toc/1844-8208In his monumental masterpiece, A Treatise on Human Nature, which explains the methodology of human reasoning concerning matters of fact and describes the roles that passions and morals play in it, Hume arrives at an enormously interesting maxim: An academic controversy cannot continue for long unless the disputants assign different meanings to the major terms employed in the debate. This theory has been applied in this paper to examine the behavioural criticisms about Homo Economicus (HE), the pivotal perception in the neoclassical microeconomic model.To achieve this objective, the paper discusses the origin and evolution of the concept, reviews behavioural criticisms, summarises the main tenets of Hume’s philosophy of human knowledge and finally examines the behavioural opinions from Hume’s perspective. The paper concludes that Hume’s theory convincingly explains the reason why the HE controversy is continuing for over half century- a fact that both the mainstream and behavioural economists are ignoring.Khandakar ElahiEditura ASE Bucurestiarticleneoclassical economicsbehavioural economicshuman knowledgeEconomics as a scienceHB71-74DEENFRJournal of Philosophical Economics, Vol VII, Iss 2, Pp 2-29 (2014) |
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| collection |
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DE EN FR |
| topic |
neoclassical economics behavioural economics human knowledge Economics as a science HB71-74 |
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neoclassical economics behavioural economics human knowledge Economics as a science HB71-74 Khandakar Elahi Behavioural controversy concerning homo economicus: a Humean perspective |
| description |
In his monumental masterpiece, A Treatise on Human Nature,
which explains the methodology of human reasoning concerning matters of
fact and describes the roles that passions and morals play in it, Hume arrives
at an enormously interesting maxim: An academic controversy cannot continue
for long unless the disputants assign different meanings to the major terms
employed in the debate. This theory has been applied in this paper to examine
the behavioural criticisms about Homo Economicus (HE), the pivotal perception
in the neoclassical microeconomic model.To achieve this objective, the paper
discusses the origin and evolution of the concept, reviews behavioural criticisms,
summarises the main tenets of Hume’s philosophy of human knowledge and
finally examines the behavioural opinions from Hume’s perspective. The paper
concludes that Hume’s theory convincingly explains the reason why the HE
controversy is continuing for over half century- a fact that both the mainstream
and behavioural economists are ignoring. |
| format |
article |
| author |
Khandakar Elahi |
| author_facet |
Khandakar Elahi |
| author_sort |
Khandakar Elahi |
| title |
Behavioural controversy concerning homo economicus: a Humean perspective |
| title_short |
Behavioural controversy concerning homo economicus: a Humean perspective |
| title_full |
Behavioural controversy concerning homo economicus: a Humean perspective |
| title_fullStr |
Behavioural controversy concerning homo economicus: a Humean perspective |
| title_full_unstemmed |
Behavioural controversy concerning homo economicus: a Humean perspective |
| title_sort |
behavioural controversy concerning homo economicus: a humean perspective |
| publisher |
Editura ASE Bucuresti |
| publishDate |
2014 |
| url |
https://doaj.org/article/447cc013e0324147bd7f7477adc8e817 |
| work_keys_str_mv |
AT khandakarelahi behaviouralcontroversyconcerninghomoeconomicusahumeanperspective |
| _version_ |
1718403069126901760 |