Economics Dictionary of ArgumentsHome
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| Rational choice: Rational choice in economics is the idea that individuals make decisions by weighing the costs and benefits of each option and choosing the option that they believe will maximize their own utility. Rational choice theory is based on the assumption that individuals are rational actors who are motivated by self-interest. See also Rationality, Utility, Benefit, Actions, Action theory._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments. | |||
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Gordon Tullock on Rational Choice - Dictionary of Arguments
Mause I 66 Rational Choice/Democratic Theory/Tullock/Buchanan/TullockVsDowns/BuchanananVsDowns: The second decisive impulse for the theorization of Rational Choice came from the work of Tullock, in particular from the Calculus of Consent (Buchanan and Tullock 1962 (1)), published in 1962, which discusses democratic-theoretical and justice-theoretical considerations at a mathematically-formalized level that is far superior to that of Downs and which already anticipates certain considerations. >A. Downs, >Democratic theory, >Justice, >J.M. Buchanan. 1. Buchanan, James M., und Gordon Tullock, The calculus of consent. Ann Arbor 1962._____________Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition. |
EconTull I Gordon Tullock Arthur Seldon Gordon L. Brady, Government failure: A primer in public choice Washington 2002 Mause I Karsten Mause Christian Müller Klaus Schubert, Politik und Wirtschaft: Ein integratives Kompendium Wiesbaden 2018 |
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> Counter arguments against Tullock
> Counter arguments in relation to Rational Choice
