Publication Details

Abstract

The neoclassical economy is dominated by the principle of rationality, i.e. by the assumption, that the economical subject makes his/her decisions so as to maximize his/her own utility. Would the notion of the economic rationality as a value neutral characteristic of behaviour then be justifiable, or would the economic rationality be compatible with taking into account noneconomic values and objectives? The author (she) attempts at 1. summarizing the cons and pros of the homo economicus model, 2. outlining the possible redescription of the traditional instrumentalist conception of the economic rationality in terms of reintroducing the value standpoint into the notion of the rationality itself.