On Philosophy, Politics, and Economics

ISBN-10: 0495008982
ISBN-13: 9780495008989
Edition: 2008
Authors: Gerald F. Gaus
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Description: On Philosophy, Politics and Economics is an introductory text covering the basics of instrumental rationality, utility theory, game theory, axiomatic social choice theory and public choice theory. It is ideally suited to introductory courses on  More...

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Book details

List price: $15.95
Copyright year: 2008
Publisher: Wadsworth
Publication date: 11/21/2007
Binding: Paperback
Pages: 240
Size: 5.50" wide x 8.50" long x 0.75" tall
Weight: 0.594
Language: English

On Philosophy, Politics and Economics is an introductory text covering the basics of instrumental rationality, utility theory, game theory, axiomatic social choice theory and public choice theory. It is ideally suited to introductory courses on political economy and ppe programs, as well as advanced undergraduate social and political philosophy courses. The presentation is non-mathematical. On Philosophy, Politics, and Economics does not presuppose background in economics, and so is ideal for non-economists interested in formal analyses of social and political interaction.THE WADSWORTH PHILOSOPHICAL TOPICS SERIES presents readers with concise, timely, and insightful introductions to a variety of traditional and contemporary philosophical subjects. With this series, students of philosophy will be able to discover the richness of philosophical inquiry across a wide array of concepts, including hallmark philosophical themes and themes typically underrepresented in mainstream philosophy publishing. Written by a distinguished list of scholars who have garnered particular recognition for their excellence in teaching, this series presents the vast sweep of today's philosophical exploration in highly accessible and affordable volumes. These books will prove valuable to philosophy teachers and their students as well as to other readers who share a general interest in philosophy.

About the Author
List of Figures and Tables
Acknowledgments
Introduction
Instrumental and Economic Rationality
Overview
Instrumental Rationality
"Consumption Rationality" as Direct Satisfaction of Goals
Homo Economicus
Summary
Notes
Utility Theory
Overview
Preferences: What Are They?
Ordinal Utility Theory
Cardinal Utility Theory
Is Utility Theory a Formalization of Instrumental Rationality?
Doubts from Psychology about Expected Utility Theory
Summary
Notes
Efficiency
Overview
Rationality and Efficiency
Efficiency, Externalities, and Public Goods
Summary
Notes
Game Theory
Overview
Strategic Rationality and Zero-Sum Games
The Prisoner's Dilemma
Chicken and Other Games
Repeated and Evolutionary Games
Summary
Notes
Social Choice Theory
Overview
The Market and the Forum
Axiomatic Social Choice Theory and May's Theorem
Arrow's Theorem
Collective Choice Rules
Strategic Voting
Summary
Notes
Public Choice Theory
Overview
Downs's Economic Theory of Democracy
Is Voting Rational?
Majoritarian Inefficiencies
Constitutional Political Economy
Summary
Notes
Concluding Remarks
Bibliography
Index

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