“Though designing the house in which modern rational choice/utility/decision theory would inhabit, it is not clear that Ramsey would have chosen to reside there himself. For one thing, while he provided a logic of decision, he did not think that… — Cheryl Misak Copy Share Image
The absurdity of public-choice theory is captured by Nobel Prize-winning economist Amartya Sen in the following little scenario: "Can you direct me to the railway station?" asks the stranger. "Certainly," says the local, pointing in the opposite direction, towards the… — Linda McQuaig Copy Share Image
