Title: RATIONALITY AS AN EXPLANATION FOR ECONOMIC FLUCTUATIONS
Abstract:The aim of this paper is to demonstrate that rationality is one of the main factors determining economic fluctuations. From this, derives the issue that rationality is not only a concept tangent to th...The aim of this paper is to demonstrate that rationality is one of the main factors determining economic fluctuations. From this, derives the issue that rationality is not only a concept tangent to the science of economics but also a homogenizing factor and a sine qua non condition of praxeology. However, rationality as a connecting factor of the decision and action processes is not always directly proportional with decisive motivation or with the determining goal.Read More
Publication Year: 2012
Publication Date: 2012-01-01
Language: en
Type: article
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