Economics, Rational Choice and Normative Philosophy (Routledge Frontiers of Political Economy) PDF
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Economics, Rational Choice and Normative Philosophy Following Amartya Sen’s insistence on expanding the framework of rational choice theory by taking into account ‘non-utility information’, economists, politi- cal scientists and philosophers have recently concentrated their efforts on analys- ing the issues related to rights, freedom, diversity intentions and equality. Thomas Boylan and Ruvin Gekker have gathered essays that reflect this trend. The particular themes addressed in this volume include the measurement of diversity and freedom, formal analysis of individual rights and intentions, judg- ment aggregation under constraints and strategic manipulation in fuzzy environ- ments. Some chapters in the volume also deal with philosophical aspects of normative social choice. This book will be of great interest to students engaged in social choice, public choice and normative philosophy. Thomas A. Boylan is a Personal Professor of Economics in the Department of Economics at the National University of Ireland, Galway. Ruvin Gekker is a Lecturer in Economics in the Department of Economics at the National University of Ireland, Galway. Routledge Frontiers of Political Economy 1 Equilibrium versus Understanding 11 Borderlands of Economics Towards the rehumanization of Essays in honour of Daniel R. Fusfeld economics within social theory Edited by Nahid Aslanbeigui and Mark Addleson Young Back Choi 2 Evolution, Order and Complexity 12 Value, Distribution and Capital Edited by Elias L. Khalil and Kenneth Essays in honour of Pierangelo E. Boulding Garegnani Edited by Gary Mongiovi and Fabio 3 Interactions in Political Economy Petri Malvern after ten years Edited by Steven Pressman 13 The Economics of Science Methodology and epistemology as if 4 The End of Economics economics really mattered Michael Perelman James R. Wible 5 Probability in Economics 14 Competitiveness, Localised Omar F. Hamouda and Robin Rowley Learning and Regional 6 Capital Controversy, Post Development Keynesian Economics and the Specialisation and prosperity in small History of Economics open economies Essays in honour of Geoff Harcourt, Peter Maskell, Heikki Eskelinen, volume one Ingjaldur Hannibalsson, Anders Edited by Philip Arestis, Gabriel Malmberg and Eirik Vatne Palma and Malcolm Sawyer 15 Labour Market Theory 7 Markets, Unemployment and A constructive reassessment Economic Policy Ben J. Fine Essays in honour of Geoff Harcourt, 16 Women and European Employment volume two Jill Rubery, Mark Smith, Colette Edited by Philip Arestis, Gabriel Fagan and Damian Grimshaw Palma and Malcolm Sawyer 17 Explorations in Economic 8 Social Economy Methodology The logic of capitalist development From Lakatos to empirical philosophy Clark Everling of science 9 New Keynesian Economics/Post Roger Backhouse Keynesian Alternatives 18 Subjectivity in Political Economy Edited by Roy J. Rotheim Essays on wanting and choosing 10 The Representative Agent in David P. Levine Macroeconomics James E. Hartley 19 The Political Economy of Middle 30 Gender, Growth and Trade East Peace The miracle economies of the postwar The impact of competing trade years agendas David Kucera Edited by J. W. Wright, Jnr 31 Normative Political Economy 20 The Active Consumer Subjective freedom, the market and Novelty and surprise in consumer the state choice David Levine Edited by Marina Bianchi 32 Economist with a Public Purpose 21 Subjectivism and Economic Essays in honour of John Kenneth Analysis Galbraith Essays in memory of Ludwig Edited by Michael Keaney Lachmann 33 Involuntary Unemployment Edited by Roger Koppl and Gary The elusive quest for a theory Mongiovi Michel De Vroey 22 Themes in Post-Keynesian 34 The Fundamental Institutions of Economics Capitalism Essays in honour of Geoff Harcourt, Ernesto Screpanti volume three Edited by Claudio Sardoni and Peter 35 Transcending Transaction Kriesler The search for self-generating markets 23 The Dynamics of Technological Alan Shipman Knowledge Cristiano Antonelli 36 Power in Business and the State An historical analysis of its 24 The Political Economy of Diet, concentration Health and Food Policy Frank Bealey Ben J. Fine 37 Editing Economics 25 The End of Finance Essays in honour of Mark Perlman Capital market inflation, financial Hank Lim, Ungsuh K. Park and Geoff derivatives and pension fund Harcourt capitalism Jan Toporowski 38 Money, Macroeconomics and Keynes 26 Political Economy and the New Essays in honour of Victoria Chick, Capitalism volume one Edited by Jan Toporowski Philip Arestis, Meghnad Desai and 27 Growth Theory Sheila Dow A philosophical perspective 39 Methodology, Microeconomics and Patricia Northover Keynes 28 The Political Economy of the Small Essays in honour of Victoria Chick, Firm volume two Edited by Charlie Dannreuther Philip Arestis, Meghnad Desai and Sheila Dow 29 Hahn and Economic Methodology Edited by Thomas Boylan and 40 Market Drive and Governance Paschal F. O’Gorman Reexamining the rules for economic and commercial contest Ralf Boscheck 41 The Value of Marx 55 Individualism and the Social Order Political economy for contemporary The social element in liberal thought capitalism Charles R. McCann Jnr. Alfredo Saad-Filho 56 Affirmative Action in the United 42 Issues in Positive Political Economy States and India S. Mansoob Murshed A comparative perspective Thomas E. Weisskopf 43 The Enigma of Globalisation A journey to a new stage of capitalism 57 Global Political Economy and the Robert Went Wealth of Nations Performance, institutions, problems 44 The Market and policies Equilibrium, stability, mythology Edited by Phillip Anthony O’Hara S. N. Afriat 58 Structural Economics 45 The Political Economy of Rule Thijs ten Raa Evasion and Policy Reform Jim Leitzel 59 Macroeconomic Theory and Economic Policy 46 Unpaid Work and the Economy Essays in honour of Jean-Paul Edited by Antonella Picchio Fitoussi 47 Distributional Justice Edited by K. Vela Velupillai Theory and measurement 60 The Struggle over Work Hilde Bojer The ‘end of work’ and employment 48 Cognitive Developments in alternatives in post-industrial societies Economics Shaun Wilson Edited by Salvatore Rizzello 61 The Political Economy of Global 49 Social Foundations of Markets, Sporting Organisations Money and Credit John Forster and Nigel Pope Costas Lapavitsas 62 The Flawed Foundations of 50 Rethinking Capitalist Development General Equilibrium Theory Essays on the economics of Josef Critical essays on economic theory Steindl Frank Ackerman and Alejandro Edited by Tracy Mott and Nina Nadal Shapiro 63 Uncertainty in Economic Theory 51 An Evolutionary Approach to Essays in honor of David Social Welfare Schmeidler’s 65th Birthday Christian Sartorius Edited by Itzhak Gilboa 52 Kalecki’s Economics Today 64 The New Institutional Economics of Edited by Zdzislaw L. Sadowski and Corruption Adam Szeworski Edited by Johann Graf Lambsdorff, Markus Taube and Matthias Schramm 53 Fiscal Policy from Reagan to Blair The left veers right 65 The Price Index and its Extension Ravi K. Roy and Arthur T. Denzau A chapter in economic measurement S. N. Afriat 54 The Cognitive Mechanics of Economic Development and 66 Reduction, Rationality and Game Institutional Change Theory in Marxian Economics Bertin Martens Bruce Philp 67 Culture and Politics in Economic 80 Economics, Ethics and the Market Development Introduction and applications Volker Bornschier Johan J. Graafland 68 Modern Applications of Austrian 81 Social Costs and Public Action in Thought Modern Capitalism Edited by Jürgen G. Backhaus Essays inspired by Karl William Kapp’s theory of social costs 69 Ordinary Choices Edited by Wolfram Elsner, Pietro Individuals, incommensurability, and Frigato and Paolo Ramazzotti democracy Robert Urquhart 82 Globalization and the Myths of Free Trade 70 Labour Theory of Value History, theory and empirical Peter C. Dooley evidence 71 Capitalism Edited by Anwar Shaikh Victor D. Lippit 83 Equilibrium in Economics 72 Macroeconomic Foundations of Scope and limits Macroeconomics Edited by Valeria Mosini Alvaro Cencini 84 Globalization 73 Marx for the 21st Century State of the art and perspectives Edited by Hiroshi Uchida Edited by Stefan A. Schirm 74 Growth and Development in the 85 Neoliberalism Global Political Economy National and regional experiments Social structures of accumulation and with global ideas modes of regulation Edited by Ravi K. Roy, Arthur T. Phillip Anthony O’Hara Denzau and Thomas D. Willett 75 The New Economy and 86 Post-Keynesian Macroeconomics Macroeconomic Stability Economics A neo-modern perspective drawing Essays in honour of Ingrid Rima on the complexity approach and Edited by Mathew Forstater, Gary Keynesian economics Mongiovi and Steven Pressman Teodoro Dario Togati 87 Consumer Capitalism 76 The Future of Social Security Anastasios S. Korkotsides Policy 88 Remapping Gender in the New Women, work and a Citizens’ Basic Global Order Income Edited by Marjorie Griffin Cohen and Ailsa McKay Janine Brodie 77 Clinton and Blair 89 Hayek and Natural Law The political economy of the Third Eric Angner Way Flavio Romano 90 Race and Economic Opportunity in the Twenty-First Century 78 Marxian Reproduction Schema Edited by Marlene Kim Money and aggregate demand in a capitalist economy 91 Renaissance in Behavioural A. B. Trigg Economics Harvey Leibenstein’s impact on 79 The Core Theory in Economics contemporary economic analysis Problems and solutions Edited by Roger Frantz Lester G. Telser 92 Human Ecology Economics 105 The Keynesian Multiplier A new framework for global Edited by Claude Gnos and Louis- sustainability Philippe Rochon Edited by Roy E. Allen 106 Money, Enterprise and Income 93 Imagining Economics Otherwise Distribution Encounters with identity/difference Towards a macroeconomic theory of Nitasha Kaul capitalism John Smithin 94 Reigniting the Labor Movement Restoring means to ends in a 107 Fiscal Decentralization and Local democratic labor movement Public Finance in Japan Gerald Friedman Nobuki Mochida 95 The Spatial Model of Politics 108 The ‘Uncertain’ Foundations of Norman Schofield Post-Keynesian Economics Essays in exploration 96 The Economics of American Stephen P. Dunn Judaism Carmel Ullman Chiswick 109 Karl Marx’s Grundrisse Foundations of the critique of 97 Critical Political Economy political economy 150 years later Christian Arnsperger Edited by Marcello Musto 98 Culture and Economic Explanation 110 Economics and the Price Index Economics in the US and Japan S. N. Afriat and Carlo Milana Donald W. Katzner 111 Sublime Economy 99 Feminism, Economics and Utopia On the intersection of art and Time Travelling through Paradigms economics Karin Schönpflug Edited by Jack Amariglio, Joseph W. 100 Risk in International Finance Childers and Stephen E. Cullenberg Vikash Yadav 112 Popper, Hayek and the Open 101 Economic Policy and Performance Society in Industrial Democracies Calvin Hayes Party governments, central banks and 113 The Political Economy of Work the fiscal–monetary policy mix David Spencer Takayuki Sakamoto 114 Institutional Economics 102 Advances on Income Inequality and Bernard Chavance Concentration Measures Edited by Gianni Betti and Achille 115 Religion, Economics and Lemmi Demography The effects of religion on education, 103 Economic Representations work, and the family Academic and everyday Evelyn L. Lehrer Edited by David F. Ruccio 116 Economics, Rational Choice and 104 Mathematical Economics and the Normative Philosophy Dynamics of Capitalism Edited by Thomas A. Boylan and Goodwin’s legacy continued Ruvin Gekker Edited by Peter Flaschel and Michael Landesmann Economics, Rational Choice and Normative Philosophy Edited by Thomas A. Boylan and Ruvin Gekker First published 2009 by Routledge 2 Park Square, Milton Park, Abingdon, Oxon OX14 4RN Simultaneously published in the USA and Canada by Routledge 270 Madison Ave, New York, NY 10016 This edition published in the Taylor & Francis e-Library, 2008. “To purchase your own copy of this or any of Taylor & Francis or Routledge’s collection of thousands of eBooks please go to www.eBookstore.tandf.co.uk.” Routledge is an imprint of the Taylor & Francis Group, an informa business © 2009 Editorial matter and selection, Thomas A. Boylan and Ruvin Gekker; individual chapters, the contributors All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers. British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloging in Publication Data Economics, rational choice, and normative philosophy / edited by Thomas A. Boylan and Ruvin Gekker. p. cm. Includes bibliographical references and index. 1. Economics. 2. Philosophy. 3. Rational choice theory. I. Boylan, Thomas A. II. Gekker, Ruvin. HB72.E277 2009 330.01–dc22 2008021536 ISBN 0-203-88764-6 Master e-book ISBN ISBN10: 0–415–43580–3 (hbk) ISBN10: 0–203–88764–6 (ebk) ISBN13: 978–0–415–43580–2 (hbk) ISBN13: 978–0–203–88764–6 (ebk) Contents List of contributors xii Preface xiii Introduction 1 PART I Diversity, rights, norms and intentions 13 1 What is diversity? 15 NICOLAS GRAVEL Introduction 15 Comparing sets of objects: general principles 18 Diversity as generalized entropy 31 Diversity as aggregate dissimilarity 37 Diversity as the valuation of realized attributes 47 Conclusion 51 2 Intentions, decisions and rationality 56 MARTIN VAN HEES AND OLIVIER ROY Introduction 56 Intentions to act 57 Extensive decision models 58 Intentions as plans of action 61 Intentions and counterfactuals 65 The formation of intentions 67 Conclusion 70 3 Waiving and exercising rights in the theory of social situations 73 RUVIN GEKKER Introduction 73 Sen’s and game form formulations of rights 74
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