Stephen G. Engelmann

Economics used to be called political economy, and the loss of the "political" tracks the ascendance of the idea of rational choice within the discipline. Where does this idea of economic rationality – choosing to maximize benefits and minimize costs – come from? What are the consequences of its rise? In this new book, Economic Rationality, Stephen Engelmann assesses these...

Economics used to be called political economy, and the loss of the "political" tracks the ascendance of the idea of rational choice within the discipline. Where does this idea of economic rationality – choosing to maximise benefits and minimise costs – come from? What are the consequences of its rise? In this new book, Economic Rationality, Stephen G. Engelmann assesses...