Vernon Smith’s “Rationality in Economics: Constructivist and Ecological Forms”


In this conference we read Vernon Smith's book that discusses the differences among various versions of human rationality described by economics, psychology, neuroscience, and politics. According to Smith, some forms of rationality are more consistent with the promotion and protection of liberty and responsibility, while other types rely on top-down control and run contrary to human nature and freedom.


Conference Readings

Smith, Vernon L. Rationality in Economics: Constructivist and Ecological Forms. New York: Cambridge University Press, 2008.