Artikel

The Irresistible Fetish of Utility Theory: From “Pleasure and Pain” to Rationalising Torture

This note briefly examines the path that the economics discipline has taken since adopting the assumption that human behaviour is exclusively driven by utility maximisation. This view has prevented the full comprehension of most economic phenomena and has spread to other social disciplines, occasionally leading to results either ridiculous or tragic, such as using utility theory to rationalise torture. Such academic absurdity must be ended.

Language
Englisch

Bibliographic citation
Journal: Intereconomics ; ISSN: 1613-964X ; Volume: 51 ; Year: 2016 ; Issue: 5 ; Pages: 286-287 ; Heidelberg: Springer

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Dosi, Giovanni
Roventini, Andrea
Event
Veröffentlichung
(who)
Springer
(where)
Heidelberg
(when)
2016

DOI
doi:10.1007/s10272-016-0619-6
Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

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Object type

  • Artikel

Associated

  • Dosi, Giovanni
  • Roventini, Andrea
  • Springer

Time of origin

  • 2016

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