Tuesday, January 6, 2015

The theory of consumer behavior (4)

The paper notes the approach by www.rationalistinternational.net to rationalists:
“Rationalists refer to those who:
§  argue for a rational approach to human problems;
§  suggest reasoned alternatives to religious dogmas;
§  defend freedom of thought and civil liberties;
§  and strive for the secularization of politics, society and educational system.”
“Rationalists:
§  counter superstition;
§  aim to promote an open and just society;
§  endorse scientific method;
§  also recognize the importance of emotions and imagination.”
In economics Hargreaves Heap introduced the “theory of instrumental rationality which equates the rational action with the choice of the means most likely to satisfy a given set of ends”.
to be continued...


Source: Islamic Science University of Malaysia

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