Tag: Sen

Excerpt: Amartya Sen, “Rational Fools: A Critique of the Behavioral Foundations of Economic Theory”

It is possible to define the interest of a person in such away that in every single decision they make they are seen to be following their own interests.

Amartya Sen, “Rational Fools: A Critique of the Behavioral Foundations of Economic Theory,” in The Self and the Political Order, ed. Tracy B. Strong (New York, 1992), p.121.

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