Work detail

Rationality of Human Action and Preferences:A Criticism of Subjectivist-Teleological Tenets of Economics and an Outline of a Remedy

Author: Mgr. Vít Horák
Year: 2008 - summer
Leaders: † prof. Ing. Milan Sojka CSc.
Work type: Economic Theory
Language: English
Pages: 127
Awards and prizes:
Abstract: The thesis criticizes the subjectivist-teleological principals of economics, more accurately the inability to fulfill them. Economics intended to work with the individual preferences without bias and without their concretization. The neutrality is, however, distorted by the accepted assumptions; a very serious and deep assumption in economic theories but even in the economic thought as such is the a priori causality between the preferences and action. The teleological perspective as it was introduced by Karel Engliš was sharply delimitated with respect to causality. Neoclassical and Austrian school, however, do mix causality and finality in their conceptions of action and preferences. My thesis strives to describe this mistake. It is also possible to formulate the theme as a criticism of the assumption of certain a priori rationality of human action. I try to clear up the notion of rationality, show the possibilities of its meaning and point out at the radicalism of any assumed causality it may encompass. I use the critical conclusions to outline a preference framework that would not repeat the identified mistakes, which would, however, set out from the subjectivist-teleological perspective as well.
Downloadable: Diploma Thesis of Vít Horák




Patria Finance