Though alluring, the idea of analyzing Mexico‘s drug cartels based on economic principles may be a false hope for policymakers, giving the false idea that these groups’ actions can be explained and ...

We begin by positing a conception of pragmatism that is characterized by three basic philosophical commitments: consequentialism, fallibilism, and anti-skepticism. In light of that conception we ...

Rational choice theory (RCT) theorists believe that most human decisions are based on maximizing a person's own benefits, while minimizing that which can hurt the individual, according to Business ...

This post is a review of Choose Wisely: Rationality, Ethics, and the Art of Decision-Making. By Barry Schwartz and Richard Schuldenfrei. Yale University Press. 277 pp. $32.50. Rational Choice Theory ...